long-term forecasting

Long-term forecasting involves predicting future events or trends over an extended period, typically years or decades. It uses current data, patterns, and models to estimate what might happen in the future, helping organizations and individuals plan better. Examples include forecasting economic growth, climate change impacts, or technological advancements. While not perfectly certain, long-term forecasts provide valuable insights to inform strategies, investments, and policies, acknowledging the inherent uncertainties and the need for regular updates as new information becomes available.