Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

What are the Differences amongst Prediction,Forecast & Projection?

Tags: money, astrology, entertainment
Asked by Santiranjan Pal, 09 Jan '10 06:09 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (5)

 
1.

Predictions have often been made, from antiquity until the present, by resorting to paranormal or supernatural means, such as prophecy or by observing omens. Disciplines including water divining, astrology, numerology, and fortune telling, along with many other forms of divination, have been used for centuries or even millennia to predict or attempt to predict the future. So far, these means of prediction have not been substantiated by controlled experiments, and are disputed by scientists and skeptics.

Forecasting is the process of estimation in unknown situations. Prediction is a similar, but more general term. Both can refer to estimation of time series, cross-sectional or longitudinal data. Usage can differ between areas of application: for example in hydrology, the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods w ...more
Answered by anantharaman, 09 Jan '10 06:58 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Prediction - The act of making statement that says what you think will happpen.
forecast - a statement about what will happen in the future, based on information that is available.
projection - Estimate based on what is happening now.
Answered by ramakant pathak, 09 Jan '10 06:49 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
3.

The difference lies in the level or extent of them becoming true; it increases from the first to second and to the last. While the last two are more scientific, the first is less.
Answered by Arakuzha Ramachandran, 09 Jan '10 06:46 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Prediction & forecast mean one & same thing (like Pyar Singh Prem Singh) and is a statement about future based on some concepts. Projection is the plan prepared for future. It is my opinion according to my limited knowledge.
Answered by chhinder pal, 09 Jan '10 06:40 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
5.

Prediction is foretell or prophesy.Forecast is a guess work of a future event.Projection is concerned with accounting details of future plan of action.
Answered by Damodar Biswal, 09 Jan '10 06:35 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

IISc is about 35kms from the airport. One could take either a prepaid taxi (currently, costs Rs. 750, and the counter is available near the exit of th..more