Numerical Forecasting

Science / Weather / Numerical Forecasting: The use of numerical models, such as the fundamental equations of hydrodynamics subjected to observed initial conditions, to forecast the weather. These models are run on high-speed computers at the National Centers for Environmental Prediction.

Variance Forecasting

Business / Human Resources (HR) / Variance Forecasting: A measure that utilizes a demand and availability forecast to determine whether an organization has the ability to meet future manpower needs. MORE

Numerical Forecasting

Science / Weather / Numerical Forecasting: The use of numerical models, such as the fundamental equations of hydrodynamics subjected to observed initial conditions, to forecast the weather. These models are run on high-speed computers at the N MORE

Normative Forecasting

Business / Human Resources (HR) / Normative Forecasting: A method of projecting future needs in order to determine what developments will be required to meet those needs. MORE

Forecasting

Business / Finance / Forecasting: Most people choose the forecast year to coincide with either the January-December calendar year or the fiscal year of the business, but this is not a requirement. Depending on the forecast start month MORE

Links
Home
Glossary
Thesaurus