{"id":7967,"date":"2023-09-20T23:00:44","date_gmt":"2023-09-20T16:00:44","guid":{"rendered":"https:\/\/thailandpolicylab.com\/?p=7967"},"modified":"2023-09-21T16:24:43","modified_gmt":"2023-09-21T09:24:43","slug":"forecasting-funnel","status":"publish","type":"post","link":"https:\/\/thailandpolicylab.com\/en\/forecasting-funnel\/","title":{"rendered":"Make weak signals our strengths: using the \u201cforecasting funnel\u201d to build an adaptation strategy for the risky unknown\u00a0"},"content":{"rendered":"\n

It is not easy dealing with something you cannot physically see or touch like the future. Despite its elusiveness, however, there are clues of what it could become \u2013 signs that point towards a variation of risks and possibilities, emerging out of the present socio-economic, ecological, or technological phenomena. In this article, we will walk you through a journey of preparing yourself for change with a policy innovation toolkit called \u201cforecasting funnel.\u201d<\/p>\n\n\n\n

Let\u2019s get to know the forecasting funnel.<\/strong><\/p>\n\n\n\n

Informed by quantitative and qualitative data, the forecasting funnel is a strategic framework<\/strong> handy for two things: 1) spotting weak signals of change as well as patterns of trends<\/strong>, and 2) visualising possible scenarios<\/strong> that could play out based on the interaction between different signals. You can use it to create scenarios \u2013 revealing potential challenges and opportunities \u2013 or to strategize your next move.<\/p>\n\n\n\n

The Future Today Institute<\/a> suggests that Forecasting funnel can be divided into 3 major parts:<\/p>\n\n\n\n