It is, in a wide sense, the theory and practice of forecasting; in a limited 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.
It 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 branch of prognostication form intricately interrelated systems.
See reference for more information.
Adapted from The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. Internet. Accessed on January 6, 2020.