Forecasting
Pronunciation: /ˈfɔːrˌkæstɪŋ/
Forecasting (noun)
- The act of guessing what will happen in the future using information you have now.
- A method of using data and models to estimate future values or trends.
- The process of estimating future needs, costs, or risks to support decisions.
Examples
- Forecasting helps people plan by predicting what will happen next.
- Forecasting can be wrong, but it still guides decisions.