Repeat the process using a different set of inputs. Over time, and numerous training iterations, the error between the calculated outcome and the actual, historical value will decrease. Now, setting the inputs to brand new values will produce an output based upon the pattern established by examining thousands of actual real-life examples. The system has learned. Consider the value of these systems.
Many industries have.
These types of systems have been in place for years at companies dealing with marketing, finance, investment, credit, insurance, and others accumulating large volumes of data. Patterns, trends, and forecasting are all important parts of these industries. And, certainly, the science is not new. Statistics has been delivering this type of service for decades. Tires Dot Com Northeast Wisconsin's Internet Monthly, is a publication of The Green Bay News-Chronicle.