Forecasting and Predictions 11/07/2016 Forecasting and Predictions The ability to forecast or predict events may make a difference that is observable in some contexts. For example, forecasting rain or sunshine, predicting earthquakes, or locating oil deposits or gold veins could all benefit from some sort of organized predictive capabilities. Traditional forecasting methods have been used in a statistical setting for many years. These types of predictive methods are useful when the subject under investigation responds in a
Forecasting and Predictions The ability to forecast or predict events may make a difference that is observable in some contexts. For example, forecasting rain or sunshine, predicting earthquakes, or locating oil deposits or gold veins could all benefit from some sort of organized predictive capabilities. Traditional forecasting methods have been used in a statistical setting for many years. These types of predictive methods are useful when the subject under investigation responds in a
