Meaning & Definition of word "Forecasting"

Forecasting

/ˈfɔːr.kæs.tɪŋ/

noun:

  • 1. the act of predicting or estimating a future event or trend.
    • Example: His forecasting of the election results was surprisingly accurate.
  • 2. a statement about what is likely to happen in the future.
    • Example: The weather forecasting for next week shows a chance of snow.
  • 3. a prediction based on analysis of data.
    • Example: The financial forecasting indicates steady growth for the industry.

verb:

  • 1. to predict or estimate a future event or trend based on current or past information.
    • Example: The meteorologist is forecasting rain for this weekend.
  • 2. to calculate or project future values, particularly in economics or business.
    • Example: The company is forecasting its sales for the next quarter.
  • 3. to give an advance indication of future events.
    • Example: Economists are forecasting a recession due to current market trends.

Etymology

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

Common Phrases and Expressions

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.

Related Words

predict:

To say what will happen in the future.

estimate:

To roughly calculate or judge the value of something.

analysis:

Detailed examination of the elements or structure of something.

Slang Meanings of forecasting

Meaning: A guess about what's coming next.

Example Sentence: We're just forecastin' what might happen next week.

Meaning: Making a hunch about future trends.

Example Sentence: I'm just forecastin' vibes based on the room.