Brainstorming is a methodical, participatory forecasting approach based on subjective and anonymous input on future occurrences. true.
Forecasting is the practice of creating predictions based on previous and present facts. These can then be compared to what really happened. For example, a corporation might forecast its sales for the coming year and then compare it to the actual results. Forecasting can refer to certain formal statistical approaches that use time series, cross-sectional, or longitudinal data, or it can refer to less formal judgmental procedures or the process of forecast and resolution itself. Usage can vary depending on the application. In hydrology, the phrases "forecast" and "forecasting" sometimes are reserved for predictions of values at specific future periods, whereas the term "prediction" is employed for more broad estimations, such as the frequency with which floods will occur over a lengthy period.
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