ABSTRACT
Humans have an extraordinary ability to predict the future, even when they are unaware of it. The physiological nature of how we perceive our universe is unknown, yet, but a healthy individual is a forecaster (Tetlock and Gardner, 2015). Krajewski et al. (2016) and Heizer et al. (2017) define forecast as the art and science of future event prediction for the purpose of planning. Everett and Ebert (1986) distinguish between prediction and forecast: A forecast requires quantitative modeling, and a prediction involves ability, experience, and judgment based on a forecast. Nevertheless, planning, perception, prediction, and forecasting are end products of an estimation process where rough calculations are involved.
Objective and subjective difficulties in modeling the perceived reality might cease to exist for machines can plan better than humans (Tayalı, 2021). We have manufactured and produced to adapt to nature and sustain life. There is no doubt that advances in science, technology, and manufacturing have increased life expectancy. The concepts of demand and supply are central to our lives. Not only does their relationship affect each other, but they can also be inert. The need for cognition fuels this entire process, but there are always a limited number of production factors and there is competition.
