VS.

Budgeting vs. Forecasting

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Budgetingnoun

The activity of constructing a budget.

Forecastingnoun

A forecast or prediction.

Forecastingnoun

The process of calculating and predicting future events, usually based on extrapolation from past experience, and with varying degress of uncertainty.

Forecastingnoun

a statement made about the future

Forecasting

Forecasting is the process of making predictions based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date.

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