To what degree is accurate forecasting possible? To what degree is accurate forecasting possible? Solution first of all lets discuse what is forcasting? prediction oof any event that may happen in the future like wheather forcasting, sell forcasting etc. Many of us think that forcasting is an art or science, but actually forcasting is an art which is concluded or based on the facts of science. In today’s changing markets, forecasting is becoming ever more important. beacause everyone wants to get ready for future events that may be harmfull or benificial for them. forecasting is a combination of reliable, process driven systems, tools to summarize the data, and most importantly, the proper interpretation of the data. forcasting needs some data,study of data, some facts, analysis of similar events which already took place in past. Accuracy of forcasting actually depnds on the data which we have, knowledge of that data,study of facts. If in the set of given data there is any slight mistake it may leads to a wrong prediction that may give wrong result. But if accuracy of given set data is maximum then the accuracy of result is also higher. there are sevral techniques for forcasting that helps us to analyse the data, selection of such tecniques also important in the result..