Understanding Lagging indicator and Leading indicator
Leading indicators are metrics to measure performance or progress on activities that need to be done to achieve a goal.
Lagging indicators are metrics that indicate whether the goal is achieved or not.
In another words, the leading indicator predicts the likelihood of achieving a goal, while the lagging indicator simply measures the goal.
Lagging indicators are an key resource for creating leading indicators to determine trends and produce the most accurate and achievable KPIs.