etteaimatavust
Etteaimatavust is the Estonian term for unpredictability, describing the state or quality of something being unpredictable or not forecastable. The word is used across disciplines to discuss how predictable a system or outcome is given available information. It encompasses both cases where unpredictability arises from limited knowledge (epistemic) and cases where it reflects inherent randomness (ontological).
In probability theory and statistics, even models with explicit probability distributions cannot always provide precise forecasts
Applications include weather forecasting, financial markets, epidemiology, and engineering, where unpredictability informs risk assessment and decision-making.
Limitations and measurement: The degree of unpredictability depends on data quality, model capabilities, and time horizon.
See also: uncertainty, randomness, predictability, chaos theory, stochastic processes.