Forecasting vs. Foresight — What's the Difference?
Difference Between Forecasting and Foresight
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Compare with Definitions
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.
Foresight
The ability to predict what will happen or be needed in the future
He had the foresight to check that his escape route was clear
Forecasting
To estimate or predict in advance, especially to predict (weather conditions) by analysis of meteorological data.
Foresight
The front sight of a gun.
Forecasting
To serve as an advance indication of; foreshadow
Price increases that forecast inflation.
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Foresight
A sight taken forwards.
Forecasting
A prediction, as of coming events or conditions
The weather forecast stated that it would rain.
Foresight
The ability or action of imagining or anticipating what might happen in the future.
Forecasting
Present participle of forecast
Foresight
Care in providing for the future
Spending all of your money at once shows little foresight.
Forecasting
A forecast or prediction.
Foresight
The ability to foresee or prepare wisely for the future.
Having the foresight to prepare an evacuation plan may have saved their lives.
Forecasting
The process of calculating and predicting future events, usually based on extrapolation from past experience, and with varying degress of uncertainty.
Foresight
The front sight on a rifle or similar weapon
Forecasting
A statement made about the future
Foresight
(surveying) a bearing taken forwards towards a new object
Foresight
The act or the power of foreseeing; prescience; foreknowledge.
Foresight
Action in reference to the future; provident care; prudence; wise forethought.
This seems an unseasonable foresight.
A random expense, without plan or foresight.
Foresight
Any sight or reading of the leveling staff, except the backsight; any sight or bearing taken by a compass or theodolite in a forward direction.
Foresight
Providence by virtue of planning prudently for the future
Foresight
Seeing ahead; knowing in advance; foreseeing
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