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forecasting  

Definition

  • Forecasting comprises a variety of methods of longitudinal, or time series, data analysis that can be used to determine, within a reasonable margin of error, future values of key variables used in education administration, such as budgetary expenditures or receipts, or enrollments, using previous data values and other relevant information. Forecasting methods produce forecasts, or predictions, of future events and circumstances to inform decision making. [Source: Encyclopedia of Educational Leadership and Administration; Forecasting]

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https://concepts.sagepub.com/social-science/concept/forecasting

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