Futurology

Introduction Budgets and Forecasts are predictions of future income and expenses and cash flow. They also predict future performance with financial forecasts and projections and with financial models. Why Budget and Forecast? Budgets and forecasts provide a feasibility analysis. They can help develop a business model, review the company’s key assumptions, and identify resource and capital needs. Budgets and forecasts can be used to find funding. They demonstrate the potential of the business

Literature Review 2.1 Empirical Solar Radiation Prediction Models Solar radiation estimation models were developed using meteorological parameters and site geographical locations. These meteorological factors have a major influence on the outcome of solar radiation intensity that reaches the earth’s surface [11-14]. In addition, most models were developed with well-maintained recorded data provided by weather stations. For these reasons, earlier studies correlating solar radiation to meteorological

Pre-crime is used to stop criminals based on foreknowledge provided by precogs. This idea seems like it makes sense and would be a great idea for the future because it can essentially stop a lot a crimes before they happen, protecting people and decreasing the morality rate. However, that being said, it might not always be accurate. Even if it 's correct nine times out of ten, that 's not enough. It needs to be one-hundred percent accurate in order to be used. This is not a game. We are dealing with

1.1 Background to the study The awakening of globalisation, technological advancement, rising world population and its corresponding upsurge in demand has incontrovertibly instigated innovation and the emergence of new firms hoping to satisfy the needs of today’s sophisticated customer while yielding returns for survival. Most often than not, entrepreneurs and investors engage in new ventures overly optimistic while according little if not a non-existent attention to potential signals of looming

Prescriptive analytics provides the instruction of what to do – and—just as importantly – —what not to do when analytical models are deployed into production environments. Defined as decisions, they are applied to scenarios where there are too many options, variables, constraints, and data for a person to evaluate without assistance from technology. These prescriptive decisions are presented to the front-line worker – —providing the answer they seek, and accounting for the detailed aspects of

When someone has an idea to create an organization, be it a business to generate income or a non-profit designed to help others, the long-range goals are to not only survive, but to continue in a way that is not only beneficial to the stake holders, but also to those that are served by the business. It is never a thought that the endeavor should be started to fail, at least in most cases. Unfortunately, there are many aspects to continued growth and development beyond those that plan on the expansion

Data mining is the process of analysing data to discover meaningful patterns within the data resulting in extracting useful information that may have not been discovered yet. Data mining borrows techniques from a variety of fields such as statistics, machine learning and artificial intelligence. Because of its usefulness, data mining has been used in a range of industries such as, banking, telecommunications, retail, marketing, and insurance. Exclusive Ore, a group that specializes in data mining

Conflict of opinions (‘The Adjustment Bureau’ & ‘The Minority Report’) There are many texts which talk about conflict of opinions within the team and its consequences. Philip K. Dick has been one of the pioneers in science fiction writing. His stories, ‘The Adjustment Bureau’ and ‘The Minority Report’, are two of the best examples of a conflict discussed below. “The Minority Report” is on some unacknowledged sections of the (society i.e) minority but it has nothing to do with society. This work

The main article that went into this research covered nearly multiple methods to figure out an answer, but came out with no conclusion. In the article, "Modeling And Forecasting The Outcomes Of NBA Basketball Games", they refer to numerous studies and statistic’s trying to find any strategies to predict the winner of an NBA game. From the beginning, they mention how that they couldn’t find any evidence to support that the Las Vegas markets could be beaten. They show lots of credibility by looking

How Crime-Forecasting Software and the Principles of Psychology Work Together Researchers have come up with an innovative way of predicting crime by the use of Crime Forecasting Software. The software is meant to enable the security agencies to maximize their effectiveness in dealing with crime within their specific area of responsibility using limited resources. It goes beyond the convectional hot spot analysis and evaluates both spatial and temporal attributes in incident data. With the result