Forecasting,

Definition of Forecasting:

1. A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends.

   Forecasting starts with certain assumptions based on the managements experience, knowledge, and judgment. These estimates are projected into the coming months or years using one or more techniques such as Box-Jenkins models, Delphi method, exponential smoothing, moving averages, regression analysis, and trend projection. Since any error in the assumptions will result in a similar or magnified error in forecasting, the technique of sensitivity analysis is used which assigns a range of values to the uncertain factors (variables). A forecast should not be confused with a budget. See also backcasting.

2. Predict or estimate (a future event or trend).

3. A calculation or estimate of future events, especially coming weather or a financial trend.

Synonyms of Forecasting

Prediction, Prophecy, Forewarning, Prognostication, Augury, Divination, Prognosis, Projection, Calculation, Predict, Prophesy, Prognosticate, Augur, Divine, Foretell, Foresee, Forewarn, Actuarial prediction, Aerography, Aerology, Anemology, Apocalypse, Barometry, Climatography, Climatology, Foreboding, Forecast, Foreshowing, Foresight, Foretelling, Guesswork, Improbability, Long-range forecasting, Meteorology, Microclimatology, Nephology, Omen, Pneumatics, Prediction, Prefiguration, Prefigurement, Prefiguring, Presage, Presaging, Presentiment, Preshowing, Presignifying, Probability, Prognosis, Prognostication, Promise, Prophecy, Prophesying, Prospectus, Soothsay, Speculation, Statistical prediction, Vaticination, Weatherology

How to use Forecasting in a sentence?

1. If you want to know how a project may play out you should get a team together to do some forecasting and figure it out.
2. I was really good at forecasting , so the show runner decided to put me on as the lead weatherman and that made me excited.
3. Together the two firms can provide financial forecasts for virtually every listed company in the world.
4. Rain is forecast for Scotland.
5. You need to try to do your best at forecasting how a project will go so that you can be prepared for any obstacles.

Forecasting,

Forecasting Definition:

• Forecasting is a technique that uses historical data as input to make educated predictions that are predictive in nature to determine the direction of future trends. Companies use forecasts to distribute their budgets or plan their planned spending for the next period. It is usually based on an estimate of the demand for the goods and services offered.

Meanings of Forecasting

1. Prediction or prediction (future events or trends)

Sentences of Forecasting

1. Rain forecast in Scotland

Synonyms of Forecasting

auspicate, reckon, speculate, conjecture, expect, vaticinate, previse, hazard a guess, calculate, spae, estimate

Forecasting,

Forecasting means,

• The definition of Forecasting is: Casting is a technique that uses historical data as input to determine the direction of the current trend. Companies use casting to allocate their budgets or plan their spending for the next period. It is usually based on an estimate of the demand for the goods and services offered.

Forecasting

The process of predicting the future based on analysis of current trends. Use historical data to determine the direction of future trends.

A prediction of marketing and sales trends that may occur in the future.