A leading indicator anticipates future results and occurrences.
A trailing indicator evaluates whether the desired outcome was realised in the past.
In performance evaluation and management, the terms "leading indicator" and "lagging indicator" have come to be considered standard language. However, the line separating the two can occasionally be a little blurry; some indications, for example, are a little of both.
If managers want to develop a precise picture of performance, they must ensure that both types of metrics are in place and grasp the differences between the two.
A leading indicator anticipates future results and occurrences.
A trailing indicator evaluates whether the desired outcome was realised in the past.
The goal of leading indicators is future prediction. In economics, the phrase "leading indicator" refers to a quantifiable economic factor that shifts before the economy begins to exhibit a certain pattern or trend.
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