Medical Definition of melena. : the passage of dark tarry stools containing decomposing blood that is usually an indication of bleeding in the upper part of the digestive tract and especially the esophagus, stomach, and duodenumâcompare hematochezia.
A forecast analyst's job is to research how to capitalize on existing trends as well as identify new and developing trends and sales opportunities in the market. A bachelor's degree is necessary for most forecast analysis positions, and a master's degree is often preferred for higher-level roles. Source: *U.S.
Forecasting is the process of making predictions of the future based on past and present data and analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date.Prediction is a similar, but more general term.uantitative forecasting models are used to forecast future data as a function of past data. They are appropriate to use when past numerical data is available and when it is reasonable to assume that some of the patterns in the data are expected to continue into the future.