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A Prediction is making a forecast of what will happen in the future based on past experience or evidence.

Example: I'm trying to judge when my friends might arrive at my house from a major airport.

A. Common Knowledge: Traffic around a large city increases during rush hour.

B. Personal knowledge: The last time I drove to x city, it took me an hour longer than I thought because of heavy traffic during rush hour.

C: Common knowledge: Getting luggage at a big airport can add 30-45 minutes to a person's plans.

D: Personal knowledge: The last time I used the airport, it took nearly an hour to get my luggage.

E: Common knowledge: Traffic around a large airport can get congested, especially around flight times.

F: Personal knowledge: With no traffic, it takes 1 hour to drive to my house from the airport.

Prediction: If my friends' flight arrives at 4:30 pm, I might expect them to arrive at my house 2 to 3 hours after their flight arrived. That is my prediction. I'll have dinner ready by 7:15, but also have an appetizer and beverages ready for them if they arrive before 7:15 pm.

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8y ago
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3y ago

Predicting

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Bias

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Q: What is making a forecast of what will happen in the future based on past experience or evidence called?
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Making a forecast of what will happen in the future based on past experience or evidence is called?

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