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Forecast

11/10/2016

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  A forecast is a prediction of something to come or in the future.  A forecast would take place before any type of action or activity happens.  Forecasts are almost always wrong but they can be used to define a hope-for, goal, target or condition that you believe is attainable based on analysis and assessment.

Examples of Forecast

1. Educated Guessing
​2. Estimating
3. Forethought
4. Foretelling

  For further learning on forecasting techniques the book entitled Forecasting Methods and Applications gives good insight.
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