What is a numeric prediction in the context of prediction building?

A numeric prediction in the context of prediction building refers to the process of estimating or forecasting the next numeric value in a sequence based on historical data patterns. This involves the use of mathematical models and algorithms to analyze trends and relationships within the data, enabling the prediction of future values. For instance, if you're predicting sales for the next quarter based on previous quarters' performance, you're employing numeric prediction.

The essence of numeric predictions lies in their ability to provide precise values rather than classifications or categories. In contrast, the other choices involve different forms of data interpretation: a classification of data as yes or no pertains to binary outcomes; predicting customer feedback ratings could imply a subjective scoring mechanism that doesn't strictly follow numeric values; and grouping responses into categories represents categorical data analysis rather than predicting specific numbers.