0
A great amount of confusion seem to have grown up in the use of words 'forecast', 'prediction' and
'projection'. A prediction is an estimate based solely in past data of the series under investigation. It
is purely mechanical extrapolation. A projection is a prediction where the extrapolated values are
subjects to a certain numerical assumptions. A forecast is an estimate which relates the series in
which we are interested to external factors. Forecasts are made by estimating future values of the
external factors by means of prediction, projection or forecast and from these values calculating the
estimate of the dependent variable.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the difference between qualitative and quantitative prediction?
Qualitative predictions are predictions based on quality. How effective is the product, or program expected to be? Quantitative predictions are based on quantities, in other words, numbers. How many people, products or units are expected.
What is a prediction and how do we make prediction from data?
Dan Henderson vs. Rashad Evans Prediction
What is the relationship between hypotheses and predictions?
A prediction is a reasonable guess or explanation. A hypothesis is theory; a reasonable idea.
What does a prediction mean?
A prediction is the strong belief that something will happen. It is said to be a true prediction if the event happens. Before the event takes place, you would have to ask the prophet/psychic making the prediction what it means. After the event, or after the prediction is proven false, you can see for yourself what it means.
What is a valid prediction range?
The valid prediction range is the range of the "predictor."
What is the Difference between Isometric Projection and Oblique projection?
The difference is that the Isometric projection shows more and accurate drawing than the Oblique project which is just a pictorial method.
What is the difference between map and map projection?
a map projection is a map that has lots of different angles.
What the difference between a map and a map projection?
a map projection is a map that has lots of different angles.
What is the difference between a map and a projection?
a map projection is a map that has lots of different angles.
What is the difference between mercator and Robinson projection?
the mercator projection lines are straight but the robinsons are curved
Can you show me the difference between first and third angle projection?
In a first angle projection, the object stands in between the observer and the plane of projection. In a third angle project, the object and the plane of projection is interchanged.
What is the difference between earthquake forecast and earthquake prediction?
The difference between a earthquake forecast and an earthquake prediction us that an earth quake forecast is when people say whats gonna happen and a prediction is what scientist think what might happen.
What is the difference between a prediction and observation?
prediction is when you do not know what will happen but you guess that it will happen. observation is when you see something
Difference between observation and prediction?
Prediction: What you think (or claim to think) before the experiment. Observations: What you saw happen.
What is the difference between a judgment and a prediction?
The only difference is between a prediction made by a man and a prediction of God
What is difference between selection and projection operation?
Projection is from which columns the result should come... Selection means selecting perticular row.
In mapping what is the difference between mercator projection and an equal area projection?
Mercator projection distorts the size of land masses, resulting in high distortion near the poles. Equal area projections maintain accurate land area proportions, making them useful for representing data like population density.
