Actuarial Mathematics
Forecasting is the process of predicting future events or trends based on historical data and analysis. It involves using various statistical methods and models to estimate future outcomes, which can be crucial for decision-making in various fields, including finance, economics, and risk management. By understanding past patterns and behaviors, forecasting helps in making informed predictions about what may happen in the future.
congrats on reading the definition of forecasting. now let's actually learn it.