Forecasting vs. Planning — What's the Difference?
Difference Between Forecasting and Planning
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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.
Planning
Planning is the process of thinking about the activities required to achieve a desired goal. It is the first and foremost activity to achieve desired results.
Forecasting
To estimate or predict in advance, especially to predict (weather conditions) by analysis of meteorological data.
Planning
The process of making plans for something
The planning stages of the operation
Mass production methods call for detailed planning
Forecasting
To serve as an advance indication of; foreshadow
Price increases that forecast inflation.
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Planning
An orderly or step-by-step conception or proposal for accomplishing an objective
A plan for improving math instruction.
Forecasting
A prediction, as of coming events or conditions
The weather forecast stated that it would rain.
Planning
A proposed or intended course of action
Had no plans for the evening.
Forecasting
Present participle of forecast
Planning
A systematic arrangement of elements or important parts; a configuration or outline
A seating plan.
The plan of a story.
Forecasting
A forecast or prediction.
Planning
A drawing or diagram made to scale showing the structure or arrangement of something.
Forecasting
The process of calculating and predicting future events, usually based on extrapolation from past experience, and with varying degress of uncertainty.
Planning
In perspective rendering, one of several imaginary planes perpendicular to the line of vision between the viewer and the object being depicted.
Forecasting
A statement made about the future
Planning
A program or policy stipulating a service or benefit
A pension plan.
Planning
To formulate a scheme or program for the accomplishment, enactment, or attainment of
Plan a campaign.
Planning
To have as a specific aim or purpose; intend
They plan to buy a house.
Planning
To draw or make a graphic representation of.
Planning
To make plans.
Planning
Present participle of plan
Planning
(uncountable) Action of the verb to plan.
Planning
The act of formulating of a course of action, or of drawing up plans.
Planning
The act of making contingency plans.
Planning
Planning permission.
My neighbours were going to build an extension but they didn't get planning.
Planning
An act of formulating a program for a definite course of action;
The planning was more fun than the trip itself
Planning
The act or process of drawing up plans or layouts for some project or enterprise
Planning
The cognitive process of thinking about what you will do in the event of something happening;
His planning for retirement was hindered by several uncertainties
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