I have a system producing an output periodically, I would like to build a model to predict the next entry.
There is no sequence relation between the output values, order doesn't matter. The only thing is that output is most likely to be a previous value or something close to it.
as an example: 5, 3, 6, 5.2, 5.4, 4.9, 3, 8
this model would predict a value around 5 given that most of the values are in that range.
Apologies for the vague explanation, I lack the correct terminology.