Planning and Forecasting Overview Forecasting is nothing but predicting future outcomes based on what has been observed in the past or current reality. Predictions can range in multiple industries like healthcare, education, finance, etc. Unlike forecasting, prediction is estimating the value of an event based on unseen data. Both forecasting and prediction are regarding a future, even ranging from a long period( Garett, 2013). For this assignment, a narrative story of the Internet is used in this discussion. A summary of an infamous story The infamous story that is picked from the summary is the Internet. Though technological advancements brought the development and enhancement of the current Internet, the Internet’s first idea came into effect when Nikola Tesla toyed with a wireless system in the 1900s. Further enhancements and developments were made by critical thinkers Paul Otlet and Vannevar Bush, who conceived the storage system. ...
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