Abstract: Techniques for estimating a probability that an event will occur are described. The techniques include retrieving data as data strings from a data source, producing a dataset from the retrieved data strings and building a statistical model of parent-child relationships from data strings in the dataset. Building the statistical model includes determining incidence values for the data strings in the dataset and concatenating the incident values with the data strings to provide child variables. The techniques include analyzing the child variables and the parent variables to produce statistical relationships between the child variables and a parent variable, determining probabilities values based on the determined parent child relationships and building an ontological representation of the data based on subsequent conditional probabilities values.