My take on forecasting is that there are already loads of forecasting markets that are just not visible as such. Maybe even every transaction is forecasting. I buy groceries for a week even though I am not exactly sure what I will want in the next week. The supermarket stocks foods in advance even though they can't be exactly sure what p…
My take on forecasting is that there are already loads of forecasting markets that are just not visible as such. Maybe even every transaction is forecasting. I buy groceries for a week even though I am not exactly sure what I will want in the next week. The supermarket stocks foods in advance even though they can't be exactly sure what people will buy. And farmers grow some amount of veggies despite not knowing exactly how much the market demand there will be this year. All of it is forecasting.
My take on forecasting is that there are already loads of forecasting markets that are just not visible as such. Maybe even every transaction is forecasting. I buy groceries for a week even though I am not exactly sure what I will want in the next week. The supermarket stocks foods in advance even though they can't be exactly sure what people will buy. And farmers grow some amount of veggies despite not knowing exactly how much the market demand there will be this year. All of it is forecasting.