ForecastingForecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis. Prediction is a similar but more general term. Forecasting might refer to specific formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods or the process of prediction and resolution itself.
Randomized experimentIn science, randomized experiments are the experiments that allow the greatest reliability and validity of statistical estimates of treatment effects. Randomization-based inference is especially important in experimental design and in survey sampling. In the statistical theory of design of experiments, randomization involves randomly allocating the experimental units across the treatment groups. For example, if an experiment compares a new drug against a standard drug, then the patients should be allocated to either the new drug or to the standard drug control using randomization.
Tilting three-wheelerA tilting three-wheeler, tilting trike, leaning trike, or even just tilter, is a three-wheeled vehicle and usually a narrow-track vehicle whose body and or wheels tilt in the direction of a turn. Such vehicles can corner without rolling over despite having a narrow axle track because they can balance some or all of the roll moment caused by centripetal acceleration with an opposite roll moment caused by gravity, as bicycles and motorcycles do. This also reduces the lateral acceleration experienced by the rider, which some find more comfortable than the alternative.
RepeatabilityRepeatability or test–retest reliability is the closeness of the agreement between the results of successive measurements of the same measure, when carried out under the same conditions of measurement. In other words, the measurements are taken by a single person or instrument on the same item, under the same conditions, and in a short period of time. A less-than-perfect test–retest reliability causes test–retest variability. Such variability can be caused by, for example, intra-individual variability and inter-observer variability.
