Forecasting techniques are methods used to predict future events or trends based on historical data and analysis. Common techniques include time series analysis, which examines patterns over time, and regression analysis, which explores relationships between variables. These methods help businesses and organizations make informed decisions by estimating future demand, sales, or other key metrics. Another popular technique is qualitative forecasting, which relies on expert opinions and market research rather than numerical data. This approach is useful when historical data is limited or when predicting events influenced by human behavior. By combining various techniques, forecasters can improve accuracy and reliability in their predictions.