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Differentiate between forecasting and prediction ?

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Question ajoutée par Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre
Date de publication: 2016/03/22

  In time series, forecasting seems to mean to estimate a future values given past values of a time series.

In regression, prediction seems to mean to estimate a value whether it is future, current or past wrt the given data.

 

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par Utilisateur supprimé

Forecasting is statment to estimate the future on the basis of past data.

Prediction is the statement to estimate the value on the basis of future , current and past data.

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