A focus of FDE in JMP Pro 14 is perform functional PCA and then use the fPCs as inputs into a predictive model. The example in the JMP Documentation shows the use of GenReg to identify significant fPCs. https://www.jmp.com/support/help/14/additional-example-of-the-functional-data-explor.shtml#240860.
To directly demonstrate the benefit of using fPCs in predictive modeling, let’s fit two standard least squares models: one with fPCs (left) and the other with the average measurments for each process variable (right). The difference in RSquare adj. is striking: 0.78 vs 0.12! The traditional approach of averaging throws away information that explains the variability in yield.

Data with saved script is attached. FDE models that I ran are B-splines of degree 3 on initial data.