Unique Skill ID: KS1241P6PXRCKTDSWHTV

Forecasting

Forecasting is the process of making predictions based on past and present data and most commonly by analysis of trends. 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 judgmental 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 "prediction" is used for more general estimates, such as the number of times floods will occur over a long period.

Read Full Description
This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
Search for other skills
Budget Management
Budgeting
Business Planning
Financial Analysis
Financial Management
Financial Modeling
Financial Planning
Management Reporting
Return On Investment
Sales Forecasting

Forecasting Job Postings Data

Top Companies Posting

Job Postings Analytics Loading Spinner

Top Job Titles

Job Postings Analytics Loading Spinner

Job Postings Trend

Job Postings Analytics Loading Spinner

Live Job Postings

Job Postings Analytics Loading Spinner

Looking for more data on job postings?