Forecasting is a method of predicting a future event or condition by analyzing patterns and uncovering trends in previous and current data. It employs mathematical approaches and applies statistical models to generate predictions. Forecasting: Principles and Practice (3rd ed) Rob J Hyndman and George Athanasopoulos Monash University, Australia Learn what forecasting is, why it is important, and how to choose the best method for your business. Explore the principles, features, and applications of forecasting in different sectors, from finance to supply chain management. Discover the methods behind financial forecasts and the risks inherent when we seek to predict the future.
