Forecasting, grossly translated as the task of predicting the future, has been present in human society for ages. Whether it is through fortune-tellers, weather forecasts, or algorithmic stock trading, man has always been interested in predicting what the future holds.
Yet forecasting the future is not easy. Consider fortune-tellers, stock market gurus, or weather forecasters: many try to predict the future, but few succeed. And for those who succeed, you will never know whether it was luck or skill.
