Related Words

Normative Forecasting: A method of projecting future needs in order to determine what developments will be required to meet those needs.

Variance Forecasting: A measure that utilizes a demand and availability forecast to determine whether an organization has the ability to meet future manpower needs.

Numerical Forecasting: The use of numerical models, such as the fundamental equations of hydrodynamics subjected to observed initial conditions, to forecast the weather. These models are run on high-speed computer . . . View Full Definition

Forecasting: Most people choose the forecast year to coincide with either the January-December calendar year or the fiscal year of the business, but this is not a requirement. Depending on the forecast s . . . View Full Definition