forecast models
Predictive simulation systems
Forecast models are mathematical and computational systems used to predict future conditions, most commonly in meteorology and economics.
Weather forecast models process atmospheric data to generate predictions about temperature, precipitation, and storm systems, while economic forecast models attempt to project trends in markets, employment, or inflation.
The term often appears in discussions comparing different models' accuracy or methodology: The European forecast model predicted the hurricane's path more accurately than the American one.
Multiple models are typically consulted because each uses different assumptions and algorithms that can produce varying predictions.
- stock marketSecurities trading venue
- weather predictionAnticipated atmospheric conditions
- climate simulationComputational atmospheric prediction system
- global warmingRising planetary temperatures
- hurricane trackingMonitoring tropical cyclone movements
computer simulation · machine learning · neural networks · data science · big data · economic indicators · risk assessment · confidence intervals
forecast modelshindsight
Recognition after the fact
post-mortem analysis · historical analysis · autopsy · forensic analysis · lookback
forecast modelsgut instinct
Immediate unreasoned knowing
intuition · guesswork · hunches · wild guesses · wild guess
forecast, models, fore, cast, casts, casting, caster, forecaster, forecasting