prognoshorisont
Prognoshorisont refers to the future time period for which a forecast is made. It is a fundamental concept in forecasting across various fields, including economics, meteorology, and business. The length of the prognoshorisont significantly influences the accuracy and reliability of the forecast. Short-term prognoshorisonter, such as those for the next few hours or days, tend to be more accurate because they are based on current conditions and recent trends. Conversely, long-term prognoshorisonter, spanning months or years, are inherently more uncertain.
The determination of an appropriate prognoshorisont depends on the specific application and the nature of the
Several factors affect the length of a prognoshorisont that can be reliably considered. These include the volatility