What Does FBA Stand For?

FBA stands for Forecasting By Analogy

FBA, or Forecasting By Analogy, is a methodological approach used in predictive analytics that relies on drawing parallels between historical data and contemporary situations to make informed predictions. By identifying similar patterns and trends from past events, FBA enables organizations to anticipate future outcomes and improve decision-making processes in various fields, including finance, supply chain management, and marketing. This technique leverages the principle that analogous circumstances can offer valuable insights, ultimately enhancing forecasting accuracy and strategic planning.

Other Meanings for FBA