This paper focuses on the question of what needs to be predicted and what p
rocesses need to be understood to predict and forecast space weather condit
ions that are hazardous to current technology. The paper's aim is to see if
we are working on the correct space parameters to permit prediction of tho
se quantities that actually present hazards to current space technology. Th
e paper is not intended to be encyclopedic. We conclude that although the s
unspot number is a general proxy for many space hazards, there is surprisin
gly little direct need for its accurate prediction or for the prediction of
solar flares as such. We also find that knowledge of Kp and other geomagne
tic indices are rarely directly required. Important gaps in our knowledge e
xist concerning the variations of storm time electron, proton, and ion popu
lations within the magnetosphere. Work is also required in predicting fast
coronal mass ejections (CMEs) and in understanding the processes of CME ini
tiation and acceleration within the corona and high energy solar particle a
cceleration and propagation.