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What is Forecasting

Chapter 92
Encyclopedia of Information Science and Technology, Third Edition
Predicting the future values of the response variables of a system. For example, making predictions about the weather or the stock market evolution.
Published in Chapter:
Forecasting Techniques for Energy Optimization in Buildings
Fernando Mateo (University of Valencia, Spain), Juan José Carrasco (University of Valencia, Spain), Abderrahim Sellami (University of Valencia, Spain), Mónica Millán-Giraldo (University of Valencia, Spain), Manuel Domínguez (University of León, Spain), Ignacio Díaz (University of Oviedo, Spain), and Emilio Soria-Olivas (University of Valencia, Spain)
Copyright: © 2015 |Pages: 11
DOI: 10.4018/978-1-4666-5888-2.ch092
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Chapter 106
The Use of Simulation as an Experimental Methodology for DMSS Research
Forecasting means predicting the likelihood of an event or value occurring in the future based on available historical data.
Published in Chapter: The Use of Simulation as an Experimental Methodology for DMSS Research; From: Encyclopedia of Decision Making and Decision Support Technologies
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Chapter 27
A Business Planning Framework for WiMAX Applications
Preparing predicted customer and market take-up of specific applications which form the basis on which investment criteria are examined.
Published in Chapter: A Business Planning Framework for WiMAX Applications; From: Handbook of Research on Telecommunications Planning and Management for Business
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Chapter 12
Prediction of Temperature in Buildings using Machine Learning Techniques
Predicting the future values of the response variables of a system. For example, making predictions about the weather or the stock market evolution.
Published in Chapter: Prediction of Temperature in Buildings using Machine Learning Techniques; From: Handbook of Research on Advanced Computational Techniques for Simulation-Based Engineering
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Chapter 3
Decision-Making Support on Energy Management in District Heating
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Chapter 16
Methods of Forecasting Solar Radiation
Prediction of future events and conditions is called forecast, and the act of making such prediction
Published in Chapter: Methods of Forecasting Solar Radiation; From: Handbook of Research on Solar Energy Systems and Technologies
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Chapter 6
Investigating the Pixel Quality Influence on Forecasting Vegetation Change Dynamics: Application Case of Tunisian Olive Sites
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Chapter 28
Strategic Planning in Entrepreneurial Companies: International Experiences
Is a crucial systematic process which helps managers to anticipate the future business events and to reduce company risk.
Published in Chapter: Strategic Planning in Entrepreneurial Companies: International Experiences; From: Handbook of Research on Global Competitive Advantage through Innovation and Entrepreneurship
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Chapter 11
Smart Tourist Destination Management Using Demand Forecasting Techniques: Using Big Data for Destination Demand Forecasting as Part of a Destination Management System
A decision-making model used by many businesses to help in budgeting, planning, and estimating future growth. In the simplest terms, forecasting is the attempt to predict future outcomes based on past events and management insight.
Published in Chapter: Smart Tourist Destination Management Using Demand Forecasting Techniques: Using Big Data for Destination Demand Forecasting as Part of a Destination Management System; From: Handbook of Research on Smart Technology Models for Business and Industry
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Chapter 6
Advanced Methodologies Descriptions and Applications
A process of predicting the future. Commonly applied to weather and equity prices.
Published in Chapter: Advanced Methodologies Descriptions and Applications; From: Encyclopedia of Business Analytics and Optimization
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Chapter 5
On Simulation Performance of Feedforward and NARX Networks Under Different Numerical Training Algorithms
In its simple form, it is a task related to providing future estimated value of a given variable based on past and current information.
Published in Chapter: On Simulation Performance of Feedforward and NARX Networks Under Different Numerical Training Algorithms; From: Handbook of Research on Computational Simulation and Modeling in Engineering
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Chapter 1
Day Ahead Electricity Price Forecasting in Coupled Markets: An Application in the Italian Market
The process of making predictions of the future by analyzing the trends, which are present in time series of given historical data.
Published in Chapter: Day Ahead Electricity Price Forecasting in Coupled Markets: An Application in the Italian Market; From: Interdisciplinary Perspectives on Operations Management and Service Evaluation
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Chapter 2
Thinking Inside the Box: Educating Leaders to Manage Constraints
Considering the potential short- and long-term consequences of a particular constraint.
Published in Chapter: Thinking Inside the Box: Educating Leaders to Manage Constraints; From: Handbook of Research on Creative Problem-Solving Skill Development in Higher Education
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Chapter 14
Digital Forensics and Data Mining
Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends.
Published in Chapter: Digital Forensics and Data Mining; From: Critical Concepts, Standards, and Techniques in Cyber Forensics
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Chapter 22
An Exploration of Backpropagation Numerical Algorithms in Modeling US Exchange Rates
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Chapter 2
Soft Computing Based Statistical Time Series Analysis, Characterization of Chaos Theory, and Theory of Fractals
Sometimes, also known as prediction, is the technique of using statistical models to predict future outcomes in the form of trend
Published in Chapter: Soft Computing Based Statistical Time Series Analysis, Characterization of Chaos Theory, and Theory of Fractals; From: Handbook of Research on Computational Intelligence for Engineering, Science, and Business
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Chapter 28
Forecasting Hotel Occupancy Rates With Artificial Neural Networks in the COVID-19 Process
Is about predicting the future as accurately as possible, given all of the information available, including historical data and knowledge of any future events that might impact the forecasts ( Hyndman & Athanasopoulos, 2018 ).
Published in Chapter: Forecasting Hotel Occupancy Rates With Artificial Neural Networks in the COVID-19 Process; From: Handbook of Research on the Impacts and Implications of COVID-19 on the Tourism Industry
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Chapter 20
A Study on Evolutionary Technique to Predict the Sales During COVID-19
It is the process of making predictions of the future based on past and present data.
Published in Chapter: A Study on Evolutionary Technique to Predict the Sales During COVID-19; From: Handbook of Research on Library Response to the COVID-19 Pandemic
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Chapter 8
Empowering Sustainability: The Role of Artificial Intelligence in Renewable Energy
Forecasting in the role of AI in Renewable Energy (RE) involves using advanced algorithms and data analysis techniques to predict future energy generation, demand, and market conditions. AI-powered forecasting improves the accuracy and reliability of predictions, enabling optimal decision-making, resource planning, and grid management in the RE sector.
Published in Chapter: Empowering Sustainability: The Role of Artificial Intelligence in Renewable Energy; From: Crafting a Sustainable Future Through Education and Sustainable Development
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