A common belief among economists and the financial community in general is that prediction markets based on play money cannot possibly generate credible predictions.

The predictive power of a scientific theory refers to its ability to generate testable predictions.

"We now have a theoretical framework that can generate predictions to test."

Nevertheless, researchers' idea of a good hypothesis is one that generates interesting and testable predictions.

He rightly points out that many alternatives to law and economics seem to lack the power to generate predictions at all.

Generates predictions of the expected test results; the oracle may be either previous program versions or prototype systems.

His main criterion for believing in a scientific theory is that it generates 'novel predictions.'

By the theorists' own admissions, he said, such a model "can generate neither specific predictions about nature nor meaningful insights.

Any private union good or service whose level is increasing in membership generates similar predictions.

Predictive power: (of a scientific theory) Refers to its ability to generate testable predictions.