Question

______models help to forecast the value that a given random variable will assume in the future​

Answer 1

Answer:

Forecasting is the process of making predictions of the future based on past and present data.

Explanation:

A common place examples might be estimation of some variable of interest at some specific future date. Prediction is a similiar, but more general term. Both might refer to formal stastical methods employing time series, cross-sectional or longitudinal data or alternatively to less formal judgemental method.