2007-12-16 21:27:26 · 6 answers · asked by InvinMona 2 in Science & Mathematics ➔ Mathematics
Forecasting:
1. To estimate or calculate in advance, especially to predict (weather conditions) by analysis of meteorological data. See Synonyms at predict.
2. To serve as an advance indication of; foreshadow: price increases that forecast inflation.
Prediction:
1. The act of predicting.
2. Something foretold or predicted; a prophecy.
2007-12-16 21:42:31 · answer #1 · answered by An ESL Learner 7 · 0⤊ 1⤋
They are basically the same. The cost is a function of the items, whether they are material or labor, times the quantity used. However the difference is really an issue of time,and degree of certainty. And estimate is a relatively short time frame. with a fair degree of certainty of # of items * cost/item. The Forecast is usually out several months out and therefore has a lower degree of certainty. The prediction and forecast is the same. There is however, no absolute defenition, and can be used interchangeably.
2016-03-16 01:36:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
forecasting involves scientific instruments (like weather or climate forecasts) while prediction only relies on human senses
2007-12-16 22:27:32 · answer #3 · answered by jamesyoy02 6 · 0⤊ 0⤋
Forecasting is for non living and prediction is for living things.
2007-12-16 21:31:01 · answer #4 · answered by dev_bsg 4 · 0⤊ 2⤋
Thankyou for the answers everyone <3
2016-09-19 23:37:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
This is a challenging question, and one that has made me curious for quite a while.
2016-08-26 12:12:58 · answer #6 · answered by ? 4 · 0⤊ 0⤋
There isn't any.
2007-12-16 21:29:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋