Oil & Gas Glossary

Predictive Modeling​

Confused by multitude of oil & gas data and analytics terms? Get easy-to-understand definitions in our glossary.

What is Predictive Modeling?

Using statistical techniques to predict future outcomes based on historical data. In oil and gas, predictive modeling could be used for tasks like forecasting production from a well or predicting equipment failures.
 
Back to glossary

Meet Novi Labs' knowledgeable experts.

Invite to Speak

Our team of experts is passionate about sharing valuable insights on US energy. Please provide us some information about your event, and we will get back to you as soon as we can

Date
This field is for validation purposes and should be left unchanged.