long-range forecasting

Long-range forecasting involves predicting events or trends over an extended period, often months or years into the future. It uses various data, patterns, and models—such as climate data, economic indicators, or social trends—to identify potential outcomes and inform planning. Unlike short-term forecasts, which focus on immediate conditions, long-range forecasts aim to understand broader developments, helping organizations and policymakers prepare for future scenarios. While inherently uncertain, these forecasts provide valuable insights by recognizing underlying patterns and potential trajectories, enabling better decision-making despite inherent unpredictability.