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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.
1.2 (also true horizon) Astronomy A great circle of the celestial sphere, the plane of which passes through the centre of the earth and is parallel to that of the apparent horizon of a place. Example sentences.1  Jinx was startled to note that the horizon of the infinite plane wobbled unsteadily for a moment.xample sentences. 1  Clearly this verse refers to no more than the visible horizon that the dawn âgraspsâ as the sun rises. 2  It felt exactly the way it feels in the simulator: a hard-to-control aircraft and no visible horizon.