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What is Forecasting?

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Forecasting involves predicting future outcomes or trends based on historical data and patterns. By analysing past data and applying statistical techniques, businesses can make informed forecasts for sales, demand, market trends, and resource allocation. Accurate forecasting helps organisations optimise operations, plan strategies, and make data-driven decisions.

Other Definitions

Zero-Shot Learning

Zero-Shot Learning is an AI approach that enables models to learn to recognise new classes or concepts without explicit training examples. This is achieved…

Synthetic Data

Synthetic Data is artificially generated data that mimics real-world data. Synthetic data can be used to train Machine Learning models when real data is…

Swarm Intelligence

Swarm Intelligence is an AI approach that takes inspiration from the collective behaviour of social animals, such as bees and ants. These algorithms involve…

Graph Neural Networks

Graph Neural Networks are machine learning models designed to handle data structured as graphs. They can capture relationships and dependencies between entities and perform…
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