Forecasting

/ˈfɔːr.kæs.tɪŋ/

Meaning & Definition

noun

the act of predicting or estimating a future event or trend.

His forecasting of the election results was surprisingly accurate.

a statement about what is likely to happen in the future.

The weather forecasting for next week shows a chance of snow.

a prediction based on analysis of data.

The financial forecasting indicates steady growth for the industry.

verb

to predict or estimate a future event or trend based on current or past information.

The meteorologist is forecasting rain for this weekend.

to calculate or project future values, particularly in economics or business.

The company is forecasting its sales for the next quarter.

to give an advance indication of future events.

Economists are forecasting a recession due to current market trends.

The word 'forecasting' comes from the combination of 'fore-' meaning 'before' and 'casting' referring to throwing or projecting.

weather forecasting:

Predicting weather conditions based on atmospheric data.

economic forecasting:

Predicting the future state of the economy using data analysis.

sales forecasting:

Estimating future sales figures based on historical data.

A guess about what's coming next.

We're just forecastin' what might happen next week.

Making a hunch about future trends.

I'm just forecastin' vibes based on the room.