SP - Forecasting. Do you know what the heck this is?

I don't know why, but when I heard the term 'forecasting', I immediately thought about probability and statistics. Which kinda made me relate forecasting to actuarial science.

Don't know why.. But I'm still not sure if both are related 'cause I'm kinda groggy at the moment.

Forecasting is obviously important in a lot of things. Business, weather, exam results etc.

Companies have forecasting software to help them with the multitudes of equations and mathematical.. things.

We, students have our teachers to tally up our scores for, let's say, our SPM forecast results.

Weather... everyone should know this.

Particularly in business, they've got this Sales forecasting or Demand Planning (I think they're the same thing). Well, forecasting is about estimation, so obviously sales forecasting is about future revenue.

Ooohh, which reminds me. When we learnt advertising, we were taught how to do some forecasting as well. Something about market share. Easy peasy equations.

I digress.

But I'm done with this topic anyways.