Embodiments herein provide a method for predicting iterations for decoding an encoded data at an electronic device. The method includes: receiving, by the electronic device, the encoded data; detecting, by the electronic device, signal parameters associated with the encoded data; predicting, by the electronic device, one of a cyclic redundancy check (CRC) failure, CRC success, and a CRC uncertainty in iterations for decoding the encoded data based on the signal parameters using a Neural Network (NN) model.