FORECASTING
Forecasting
Forecasting is the process of making statements about events whose actual outcomes have not yet been observed. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgemental methods. Usage can differ between areas of application: for example, in hydrology, the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term ...The above text is a snippet from Wikipedia: Forecasting
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forecasting
Verb
The above text is a snippet from Wiktionary: forecasting
and as such is available under the Creative Commons Attribution/Share-Alike License.