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Forecast Horizon 1 Definition The future period of time for which a demand forecast is generated, typically as long as the longest single-item cumulative lead time (on a monthly planning basis) or for 2-5 year periods for strategic planning.
To estimate or predict in advance, especially to predict (weather conditions) by analysis of meteorological data. See Synonyms at predict. 2. To serve as an advance indication of; foreshadow: price increases that forecast inflation.