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.