Usually this process requires multiple statistical techniques ranging from data mining, predictive modelling and machine learning so it can be properly setup.

With the proper model setup it is possible to generate risk assessments, and multiple behavior predictions based on historical analysis.

In short it can be summarized as using a highly capable and trained AI to look at past events, trace patterns an estimate/ predict how it will evolve. Due to the large amount of data an AI can process simultaneously it is possible to get better and more detailed predictions only compared to human intuition, with the difference that with predictive analytics we can trace the derivative process.