Future forecasting is the process of predicting future events or trends based on current data and analysis. It involves using various methods, such as statistical models, expert opinions, and historical data, to make informed guesses about what may happen in areas like economics, technology, and social behavior. This practice is essential for businesses, governments, and organizations as it helps them plan and make strategic decisions. By understanding potential future scenarios, they can allocate resources effectively and adapt to changes in the environment, ensuring better preparedness for challenges and opportunities ahead.