There, many find explanatory power essential or useless, depending on their needs. In contrast, the agreement about testable predictions was near uniform: they are essential.

Gerald Doppelt †, Empirical Success or Explanatory Success: What Does Current Scientific Realism Need to Explain?, Philosophy of Science, Vol. 72, No. 5, Proceedings of the 2004 Biennial Meeting of ...

Beside the model, the other input into a regression analysis is some relevant sample data, consisting of the observed values of the dependent and explanatory variables for a sample of members of the ...

Models and the Financial Markets Unfortunately, we tend to conflate the two types of models and use explanatory models to try to predict the future. A good example is price-to-earnings ratios (P/E).