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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.
forecasts; forecast also forecasted; forecasting. Learner's definition of FORECAST. [+ object] : to say that (something) will happen in the future : to predict (something, such as weather) after looking at the information that is available. They're forecasting rain for this weekend. The company is forecasting reduced profits.