Prediction is the process of forecasting future events or outcomes based on historical data and statistical models. It involves analyzing patterns and trends to make informed estimates about what may happen next. Predictions can be applied across various fields, including finance, weather forecasting, sports, and machine learning. The distinction between prediction and estimation is crucial; while estimation occurs after an event, prediction is made before it happens. By leveraging data and algorithms, predictions can guide decision-making and strategic planning, helping individuals and organizations navigate uncertainty and optimize their actions in an ever-changing environment.