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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. a prediction about how something (as the weather) will develop. Familiarity information: FORECAST used as a noun is very rare. â¢ FORECAST (verb). The verb FORECAST has 3 senses: 1. predict in advance. 2. judge to be probable. 3. indicate by signs. Familiarity information: FORECAST used as a verb is uncommon.