forecasting Definition
the action or process of estimating or predicting future events or conditions, especially in business or weather.
Using forecasting: Examples
Take a moment to familiarize yourself with how "forecasting" can be used in various situations through the following examples!
Example
The company uses forecasting to predict sales for the next quarter.
Example
Weather forecasting is an important tool for planning outdoor activities.
Example
The accuracy of economic forecasting is often debated among experts.
forecasting Synonyms and Antonyms
Synonyms for forecasting
Phrases with forecasting
the process of estimating the future demand for a product or service
Example
The company uses demand forecasting to determine how much inventory to order.
sales forecasting
the process of estimating future sales for a product or service
Example
The marketing team uses sales forecasting to set revenue targets for the year.
the process of predicting future weather conditions
Example
The meteorologist uses weather forecasting to warn people of potential storms.
Summary: forecasting in Brief
Forecasting [ˈfɔːkɑːstɪŋ] is the process of predicting future events or conditions, particularly in business or weather. It involves estimating future demand, sales, and other factors that affect planning and decision-making. Examples include 'The company uses forecasting to predict sales for the next quarter' and 'Weather forecasting is an important tool for planning outdoor activities.'
