Slide 5 of 13
Notes:
Predictions are statements about occurrences that are to happen in a specific future. Forecasts tell us not what will happen, but rather what can happen if certain conditions or certain events occur or continue .
Exploratory forecasting means processing data to discover possible capabilities, changes, opportunities, and problems that may or are likely to appear in the future, assuming the continuance of certain events .
Normative forecasting deals with attending to various goals or norms to be actualized in the future. Forecasters are inventing the future of their choice.
