Definitions for forecasting
fore·cast·ing

Princeton's WordNetRate this definition:0.0 / 0 votes

1. prediction, foretelling, forecasting, prognosticationnoun

   a statement made about the future

GCIDERate this definition:0.0 / 0 votes

1. forecastingnoun

   The process of calculating and predicting future events, usually based on extrapolation from past experience, and with varying degress of uncertainty.

ChatGPTRate this definition:0.0 / 0 votes

1. forecasting

   Forecasting is the process of making predictions of future events or trends based on existing data and analytics using statistical methods. It is widely used in various fields such as finance, weather prediction, technology trends, sales and marketing planning, and strategic management, among others. The purpose of forecasting is to help organizations make informed decisions and plan for the future. However, it is important to note that while forecasting can reduce the uncertainty of the future, it can't completely eliminate it due to the volatile nature of various external influencing factors.

WikidataRate this definition:0.0 / 0 votes

1. Forecasting

   Forecasting is the process of making statements about events whose actual outcomes have not yet been observed. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgemental methods. Usage can differ between areas of application: for example, in hydrology, the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. In any case, the data must be up to date in order for the forecast to be as accurate as possible.

U.S. National Library of MedicineRate this definition:0.0 / 0 votes

1. Forecasting

   The prediction or projection of the nature of future problems or existing conditions based upon the extrapolation or interpretation of existing scientific data or by the application of scientific methodology.

Editors ContributionRate this definition:0.0 / 0 votes

1. forecastingverb

   Verb form of the word forecast.

   The monthly forecasting input was submitted online and the relevant directors role was to survey the figures and verify if necessary.

   
   

   Submitted by MaryC on April 7, 2020  

How to pronounce forecasting?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say forecasting in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of forecasting in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of forecasting in Pythagorean Numerology is: 9

Examples of forecasting in a Sentence

1. Chief Executive Officer Michael O'Leary:

   I don't think any other airline in Europe will be delivering or forecasting that kind of profit growth, but all of the clouds on the horizon suggest there are significant risks to the downside in the second half of the year.

2. Dieter Jentsch:

   Our job is not to avoid risk but to manage the risk, our growth rates are in line with what central banks are forecasting.

3. Fiona Mullen:

   I am not forecasting growth this year, largely due to the Russian crisis and the decline in tourism arrivals.

4. Brad Gammons:

   We should be able to use the same base system and do air quality forecasting in different parts of the world, with the machine-based learning we can do it very quickly.

5. Wolfe Research analyst Jared Shojaian:

   That means cruise lines may need to issue refunds or future cruise credits to compensate guests, which makes forecasting the earnings impact to 2019 even harder, and potentially more of a headwind.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=forecasting
2. ^ GCIDE
   https://gcide.gnu.org.ua/?q=forecasting
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=forecasting