A prediction model is a mathematical equation that combines information from multiple predictors observed or measured from an individual to predict the probability of the presence (diagnosis) or future occurrence (prognosis) of a particular outcome. Other names include risk prediction model, predictive model, prediction rule, and risk score.
In medicine, prediction models fall into 2 broad categories: diagnostic and prognostic prediction models. In precise-test we collectively refer to diagnostic and prognostic prediction models as “prediction models”.
Diagnostic models estimate the probability that a certain condition or disease is present or absent at the moment of prediction, e.g. to inform the referral of patients for further testing, to initiate treatment directly, or to reassure patients that a serious cause for their symptoms is unlikely. Prognostic models estimate the probability of a particular outcome or event (e.g. mortality, disease recurrence, complication) occurring in a certain period (e.g. hours, days, weeks, or years) in the future, e.g. for planning lifestyle or therapeutic decisions or to risk-stratify participants in therapeutic intervention trials. The main differences between a diagnostic and prognostic prediction model is the concept of time.
Prediction model studies may address the development of a new prediction model, the evaluation of a previously developed model (often referred to as model validation), the improvement of a previously developed model, or a combination of these.
Studies may also seek to improve or update an existing prediction model, for example, by quantifying the incremental value of a specific predictor, recalibrating the so-called baseline risk or hazard, adding an entirely new predictor to the existing model or, or completely refitting the existing model in the validation data at hand.