My Account
Forward Thinking Logo

What is Forecasting?

Skill Level:

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

Natural Language Processing (NLP)

Natural Language Processing involves the interaction between computers and human language, enabling machines to understand, interpret, and generate human language. It powers applications like…

Word Embeddings

Word Embeddings are a technique in NLP that represent words as continuous vectors in a high-dimensional space. These vectors capture semantic and syntactic relationships…

Transfer Learning

Transfer Learning is a technique that allows AI models to apply knowledge gained from one task to another related task. By leveraging pre-trained models…

Modular Neural Networks

Modular Neural Networks are AI models composed of smaller interconnected modules, each responsible for a specific sub-task or component. These modular architectures allow for…
Back to Glossary