It is, in a broad sense, the theory and practice of forecasting; in a narrower sense, the science of the rules and methods for elaborating a forecast.
The development of prognostication as the theory of forecasting has been consistent with the development of theories of scientific prediction, goal setting, planning, programming, projecting, and management.
Its main task is the elaboration of a specific methodology of forecasting, in order to improve the effectiveness of the methods and techniques of working out forecasts.
There are two branches of prognostication: general (theoretical) and specific (applied). The specific
(applied) branch is a component of particular scientific disciplines (medical, biological, economic, and demographic forecasting). Mainly in the social sciences and in social forecasting, the applied
branches of prognostication form intricately interrelated systems.
See reference for more information.
Adapted from The Great Soviet Encyclopedia, 3rd ed. (1970-1979). © 2010 The Gale Group, Inc. Internet. Accessed on January 6, 2020.