Short term forecasting involves predicting future events or trends over a relatively short time horizon, typically up to one year. It is useful for businesses to make decisions based on immediate needs, such as inventory management, resource allocation, and production scheduling. Short term forecasting relies on recent data and current trends to make accurate predictions quickly.
Qualitative forecasting models have often proven to be most effective for short-term projections.
weather forecasting
E. A. Lowe has written: 'The accuracy of short-term business forecasting'
J. A- S. Yasin has written: 'Short term load forecasting'
Jan Leonhard Lieser has written: 'A numerical model for short-term sea ice forecasting in the Arctic =' -- subject(s): Forecasting, Sea ice
Micro forecasting focuses on predicting short-term trends at a granular level, such as sales of individual products or services within a specific market segment. Macro forecasting, on the other hand, involves forecasting broader economic indicators or trends that affect an entire industry or economy, such as GDP growth or inflation rates.
Not sure about a barameter but a barometer measures atmospheric pressure. Domestic versions are often used for short term weather forecasting.
Nancy H. Mantell has written: 'The NYREM short-term CPI forecasting model, January 1983' -- subject(s): Consumer price indexes, Forecasting, Prices
Anthony G. Barnston has written: 'Linear statistical short-term climate predictive skill in the Northern Hemisphere' -- subject- s -: Climate, Forecasting, Statistical weather forecasting
Alan R Bohne has written: 'In-flight turbulence detection' -- subject(s): Remote sensing, Atmospheric turbulence, Doppler radar, Radar meteorology 'Short term forecasting of cloud and precipitation along communication paths' -- subject(s): Cloud forecasting, Precipitation forecasting, Weather forecasting
Long-range forecasting in setting a capacity plan and intermediate-term forecasting for locking in contracts for leather goods (used in jackets) and for such food items as beef, chicken, and pork. Its short-term sales forecasts are conducted each month, by cafe, and then aggregated for a headquarters view.
Carol A Taylor has written: 'A short-run construction forecasting model' -- subject(s): Construction industry, Business forecasting