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What are the various methods for predicting future needs in different industries and sectors?

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Various industries and sectors employ different methods to predict future needs. Predictive Analytics, utilizing techniques like Data mining, Artificial Intelligence, and Machine Learning, is widely used across industries. Strategic foresighting and long-term forecasting are crucial for studying the future of the economy and industry, focusing on qualitative images and quantitative aspects of future developments. A method for determining future market needs in helicopter technology involves forecasting based on indicators and factors affecting demand, aiding in evaluating market share and production planning. Corporate foresight is essential for identifying customer needs early in product development, offering a competitive edge through anticipation. Prediction methods like ANN, GARCH combined with ARIMA, LS-SVM, and ARIMA are commonly used for predicting business and economic variables in key industries globally.

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Open access•Journal Article•DOI Mapping current state in the field of prediction methods of business and economic characteristics across industries Simona Hašková, Jiří Kučera, Róbert Kuchár - Show less +2 more 31 Dec 2022-Ad alta	The methods for predicting future needs in various industries include ANN, GARCH combined with ARIMA, LS-SVM, and ARIMA, with a focus on economic and business variables.
Open access•Journal Article•DOI Assessing the future: methods and criteria Iris Gräßler, Henrik Thiele, Philipp Scholle - Show less +2 more 01 May 2020 2 Citations	The paper discusses the lack of a specific tool for choosing foresight methods in industry, proposing a decision support tool based on a literature study on foresight methods.
Open access•Journal Article•DOI An Insight into Predictive Analytics Techniques L Kanya Kumari, Dr. Ritu Aggrawal - Show less +1 more 31 Dec 2022-International Journal For Science Technology And Engineering	Predictive analytics techniques like Decision Tree, Regression Analysis, and Neural Network can predict future needs in industries such as Banking, Retail, Healthcare, Manufacturing, and more.
Open access•Journal Article•DOI Foreseeing the industrial future: aspects of the theory V.P. Vishnevsky, Oleksandr Grechishkin - Show less +1 more 01 Dec 2022-Economy of Industry	Strategic foresighting and long-term forecasting are key methods for predicting future needs in industries. Foresight creates qualitative scenarios, while forecasting focuses on quantitative predictions based on regularities.
Book Chapter•DOI Methods for Predicting Prospective Needs for Specific Product Types Sergey E. Grishin, Polina Yu. Grosheva - Show less +1 more 28 Nov 2019	The paper introduces a method for forecasting future market needs in helicopter technology, which can be adapted for other high-tech products by evaluating indicators and demand factors.

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