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The phrase "a speculative" is correct and usable in written English.
It can be used when referring to something that is based on conjecture or hypothesis rather than concrete evidence.
Example: "The report presented a speculative analysis of the market trends for the upcoming year."
Alternatives: "a conjectural" or "a hypothetical".
Exact(60)
Will he come on for a speculative trundle soon?
A Speculative Dictionary.
"It's always been a speculative market".
Xavi follows with a speculative shot wide.
We've become a speculative society.
Iraq is a speculative war.
This study is not a speculative exercise.
Cryptocurrency is a speculative instrument at present.
Levin was apparently a speculative builder.
The project is a speculative one.
There's even a speculative Cuban bond play.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com