The objective of this study is to compensate the elastic recovery in the flexible forming process using the predictive models. The target shape was limited to two-dimensional shape having only one curvature radius in the longitudinal-direction. In order to predict the shape error the regression and neural network models were established based on the finite element (FE) simulations. A series of simulations were conducted considering input variables such as the elastic pad thickness, the thickness of plate, and the objective curvature radius. Then, at sampling points in the longitudinal-direction, the shape errors between formed and objective shapes could be calculated from the FE simulations as an output variable. These shape errors were expressed to a representative error value by the root mean square error (RMSE). To obtain the correct objective shape the die shape was adjusted by the closed-loop using the neural network model since the neural network model shows a higher capability of estimating the shape error than the regression model. Finally the experimental result shows that the formed shape almost agreed with the objective shape.