from Elliott Wave Technology:
Exactly 4-years ago we presented a year-end series of forecasts for the Dow Jones Industrial average.
A forecast or prediction is a message that is stated or declared, a communication (oral or written) setting forth particulars, it is a statement about the way things will happen in the future, often but not always based on experience or knowledge.
While there is much overlap between prediction and forecast, a prediction may be a statement of an expected outcome, while a forecast is more specific, and may cover a range of possible outcomes.
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