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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.
And as I gaze over the amber waves of grain to the line that divides land and sky, I sometimes wonder how far away that line is. The horizon is a semi-mythical distance, used in poetry as a metaphor for a philosophical division of some kind. But in fact it's a real thing, and the distance to it can be determined.