What Does A Priori Data Mean?

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What does A Priori Data mean? Read on to discover the definition & meaning of the term A Priori Data - to help you better understand the language used in insurance policies.

A Priori Data

A Priori Data

Data depends on deductive reasoning to make predictions about the future. It does not depend on trials and tests or even history to develop a probability. A priori is essentially an exercise in mathematical calculation based on known data (and all the factors must be known). A priori begins with objective thought, eases into reasoning and finally falls to conjecture. A priori calculations cannot guarantee the outcome, only that the outcome can be predicted with a reasonable amount of certainty.

We hope the you have a better understanding of the meaning of A Priori Data.

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