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Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis.
to predict or anticipate ("The forecast calls for rain") campsite (n.) area or park for people to camp in (US: campground) spot for a particular person or group to camp, often within a campground (UK: pitch) can (n.) small metal container (v.) to place in such a container (modal v.) to be able to (v.) to fire someone from a job (UK: sack)
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms.
In a non-statistical sense, the term "prediction" is often used to refer to an informed guess or opinion.. A prediction of this kind might be informed by a predicting person's abductive reasoning, inductive reasoning, deductive reasoning, and experience; and may be useful—if the predicting person is a knowledgeable person in the field.
Futures studies, futures research or futurology is the systematic, interdisciplinary and holistic study of social and technological advancement, and other environmental trends, often for the purpose of exploring how people will live and work in the future.
A Short-Term Forecast NOW (alt., NOWcast) is an event-driven narrative outlook of near-term weather conditions within the Weather Forecast Office’s area of responsibility, typically valid for a three- to seven-hour period. The product outlines any ongoing or recently occurring conditions—based on radar analysis, satellite imagery and other ...
Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
A consensus forecast is a prediction of the future created by combining several separate forecasts which have often been created using different methodologies. They are used in a number of sciences, ranging from econometrics to meteorology, and are also known as combining forecasts, forecast averaging or model averaging (in econometrics and statistics) and committee machines, ensemble ...