Similar to the max voting technique, multiple predictions are made for each data point in averaging. In this method, we take an average of predictions from all the models and use it to make the final prediction. Averaging can be used for making predictions in regression problems or while calculating probabilities for classification problems.
For example, in the below case, the averaging method would take the average of all the values.
i.e. (5+4+5+4+4)/5 = 4.4