Making projections about future performance on the basis of historical and current conditions data. Bloomberg Financial Dictionary
* * *to make a statement saying what is likely to happen in the future, based on information that is available now:
• Turnover is forecast to grow 6.7% this year.
• This year we forecast growth of 30%.forecast that
• The bank's chief economist has forecast that interest rates will fall within two months.forecast something at something
• GDP growth was forecast at 1%.— forecasting noun [uncountable] :
• Economic forecasting is not an exact science.— forecaster noun [countable] :
• The upturn in sales was double the increase the economic forecasters had been expecting.
* * *forecasting UK US /ˈfɔːkɑːstɪŋ/ US /ˈfɔrkæstɪŋ/ noun [U]► the job or activity of judging what is likely to happen in the future, based on the information you have now: economic/market/sales forecasting »
The report looks at the role of sales and market forecasting in the operation of the business.
Financial and business terms. 2012.
Look at other dictionaries:
Forecasting — is the process of estimation in unknown situations. Prediction is a similar, but more general term. Both can refer to estimation of time series, cross sectional or longitudinal data. Usage can differ between areas of application: for example in… … Wikipedia
forecasting — fore cast*ing n. The process of calculating and predicting future events, usually based on extrapolation from past experience, and with varying degress of uncertainty. Syn: prediction, foretelling. [WordNet 1.5 +PJC] … The Collaborative International Dictionary of English
forecasting — index prophetic, provident (showing foresight) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
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forecasting — The art of estimating future demand for goods or services by anticipating how buyers are likely to react under given sets of conditions. See qualitative forecasting techniques; quantitative forecasting techniques … Big dictionary of business and management
forecasting — Synonyms and related words: actuarial prediction, aerography, aerology, anemology, apocalypse, barometry, climatography, climatology, foreboding, forecast, foreshowing, foresight, foretelling, guesswork, improbability, long range forecasting,… … Moby Thesaurus
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forecasting — / fɔ:kɑ:stɪŋ/ noun calculating what will probably happen in the future ● Manpower planning will depend on forecasting the future levels of production … Marketing dictionary in english
forecasting — / fɔ:kɑ:stɪŋ/ noun the process of calculating what will probably happen in the future ● Manpower planning will depend on forecasting the future levels of production … Dictionary of banking and finance