Skills Forecasting is a model to track the evolution of the labour market. The model uses annual data to predict labour market mismatches over a time span of 5 to 10 years. In other words, the model helps determine if the number of persons ready to work (Labour Market Supply) is greater, equal, or lower than the jobs available (Labour Market Demand).

Skills forecasting helps identify job prospects by occupation with a certain degree of accuracy. While forecasts cannot fully take into account all economic shocks or political shifts, they can provide reliable information for transparent and effective decision-making. Governments use this information for workforce development and planning purposes. Universities and vocational training centers use this information to make evidence-based decisions regarding their admission policies, program offers and delivery methods. Individuals use it to make informed decisions regarding their career pathways.