Crowd Forecasting

Crowd forecasting involves gathering predictions about future events from a large group of people, rather than relying on experts alone. By combining diverse insights, it leverages collective intelligence to improve accuracy on topics like elections, weather, or market trends. This approach often uses online platforms where individuals submit their forecasts, which are then analyzed to identify common patterns or consensus. Because it taps into a wide range of knowledge and perspectives, crowd forecasting can sometimes outperform traditional methods, providing a more informed outlook on uncertain future events.