forecasting


forecasting
Making projections about future performance on the basis of historical and current conditions data. Bloomberg Financial Dictionary

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forecast forecast 2 verb forecast PTandPP or forecasted [transitive] ECONOMICS
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.

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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:

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  • 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

  • Forecasting — The use of historic data to determine the direction of future trends. Forecasting is used by companies to determine how to allocate their budgets for an upcoming period of time. This is typically based on demand for the goods and services it… …   Investment dictionary

  • 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


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