forecasting
Forecasting or prevoyance (France) is the activity of forecasting, projecting, or make estimates of the various possibilities that will occur before a more definite plans can be made. For example, an academy, predicts the number of students who will be applying to study in the academy. This prediction by using several indicators, such as the number of high school graduates in a particular area. An industrial company must hold forescating regarding sale of their products by taking into account the number of residents in the area of sales, per capita income community members, buying habits and so forth.
Forecasting or prevoyance (France) is the activity of forecasting, projecting, or make estimates of the various possibilities that will occur before a more definite plans can be made. For example, an academy, predicts the number of students who will be applying to study in the academy. This prediction by using several indicators, such as the number of high school graduates in a particular area. An industrial company must hold forescating regarding sale of their products by taking into account the number of residents in the area of sales, per capita income community members, buying habits and so forth.