Prediction Vs Forecasting in Supervised Learning
In supervised learning and especially in the context of Linear regression, we often use these two terms: Prediction and Forecast. We also use Forecast more often in time series problems. Do they mean the same? Can they be used interchangeably? There are differences especially in the context of machine learning. Let us understand the nuances of each of these today. Prediction Prediction, as the word says, is about estimating the outcome for unseen data. For this, you fit a mod