What is the distinction between forecasts and objectives ?

Forecast is a  planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends.Forecasting starts with certain assumptions based on the management's experience, knowledge, and judgment.

Whereas , The Objectives are more specific and easier to measure than goals. Objectives are basic tools that underlie all planning and strategic activities. They serve as the basis for creating policy and evaluating performance. Some examples of business objectives include minimizing expenses, expanding internationally, or making a profit.

Forecast:Future projection or estimates of production  or GDP growth or inflation or environmental condition.

Objectives: What is to be achieved in near future and objective must be specific,measurable, achievable, realistic and time bound 

Targets a positive outlook

Expectations withstand negative and positive aspects

Goals is what we aspire to him

Expectations of things to come without her ambition

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Forecasts: anticipations or estimations in advance, that are results from the available data analysis.

Whereas,

Objectives : Specific results that a system aims to achieve within a time frame by using available resources effectively and efficiently.

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