While the dictionary defines forecasting to be a synonym for
prediction, we consider forecasting to be a specification of the odds,
or probability, of an earthquake occurring at a given location, during
a given time window, within a given magnitude range. By contrast, we
consider a prediction to be the specification that an earthquake either
will, or will not, occur at a given location, during a given time
window, within a given magnitude range. A forecast is therefore a
statement of probability, whereas a prediction is a binary statement.