Definition:Lead Time

Definition

When forecasting on a time series, the lead time is the future time over which forecasts are needed.

The lead time depends upon the problem for which the forecasting is being performed.

Sources

• 1994: George E.P. Box, Gwilym M. Jenkins and Gregory C. Reinsel: Time Series Analysis: Forecasting and Control (3rd ed.) ... (previous) ... (next):

$1$: Introduction:

$1.1$ Four Important Practical Problems:

$1.1.1$ Forecasting Time Series