Question

Explain exploratory technological forecasting techniques.

Answer 1

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The primary function of forecasting is to predict the future using data we have in hand. Technological forecasting is the process of predicting the future characteristics and timing of technology. The technology forecasting methods can be classified as exploratory and normative forecasting methods......

Answer 2

Hey mate!

here's your answer

Technology forecasting attempts to predict the future characteristics of useful technological machines, procedures or techniques.

Primarily, a technological forecast deals with the characteristics of technology, such as levels of technical performance, like speed of a military aircraft, the power in watts of a particular future engine, the accuracy or precision of a measuring instrument, the number of transistors in a chip in the year 2015, etc. The forecast does not have to state how these characteristics will be achieved.

Secondly, technological forecasting usually deals with only useful machines, procedures or techniques. This is to exclude from the domain of technological forecasting those commodities, services or techniques intended for luxury or amusement.