forecasting

Definition of forecasting in English English dictionary: Prediction of conditions expected to occur in the near future, up to about two days ahead; Predicting what is likely to happen in the future, the intensity of the anticipated event, its importance to the firm, and the pace or time frame in which it may occur; present participle of forecast; Predicting current and future market trends using existing data and facts Analysts rely on technical and fundamental statistics to predict the directions of the economy, stock market and individual securities; the act of using some defined method of projecting the future value(s) of a data series; normally higher level then the budget, performed more frequently and often extends past one year, normally involves less input sources Additional IMPACT capabilities that are used for both forecasting and budgeting; Predicting sales and use of products so the correct amounts can be obtained in advance; The process of making projections about future performance based on existing data; The process of estimating or calculating electricity load or resource production at some point in the future; a statement made about the future; The calculation of reasonable probabilities about a business' financial future; {i} predicting in advance, foreseeing; The art of estimating future demand by anticipating what buyers are likely to do under a given set of conditions; A prediction of future requirements; normally higher level than the budget, performed more frequently and often extends past one year, normally involves less input sources Additional IMPACT capabilities that are used for both forecasting and budgeting; The process whereby the value of some variable at some future time is estimated Forecasting is one of the primary objectives of science The new long-lead forecast system puts seasonal forecasting on firm statistical and dynamical bases through the objective use of the CCA, OCN and CMF tools; Making projections about future performance on the basis of historical and current conditions data; Assessing the magnitude which a quantity will assume at some future point in time, as distinct from ''estimation,'' which attempts to assess the magnitude of an already existent quantity; is a tool for molding the future and as a dynamic, interactive process Forecasts do not assert what the future shall be; rather they attempt to glean what it might be and what opportunities for shaping it might offer them Forecasts may be qualitative or quantitative Back to Contents; A unique approach to planning, using scenarios, interesting use of information Simply using new forecasting software is not interesting, unless it is used in a nontypical way (Process); Predicting weather before it takes place; Predicting sales and use of products so the correct amounts can be obtained; An estimate of future events based on present knowledge, facts, theory, and judgment Numerous real estate associations and organizations are constantly forecasting what lies ahead for their particular membership; The method of predicting values via regression, and usually referred to as regression Forecasting is one of the two methods by which data mining makes predictions; the other is classification The distinction between the two is that forecasting predicts values within a series, whereas classification predicts membership in sets; A process that involves predicting an MCO's incoming and outgoing cash flows--primarily revenues and expenses--and predicting the values of its assets, liabilities, and capital or capital and surplus
forecasting methods: statistical tools that are used to predict results in uncertain circumstances
focus forecasting: (Ticaret) A forecast technique that tests the performance of a variety of forecast models and suggests the best fit for a given set of products and demand parameters
forecast: An estimation of a future condition
weather forecasting: The science of using meteorology to predict future weather
forecast: to predict
forecast: {f} predict a future event or condition, foretell
forecast: {i} prediction of a future event or condition (i.e. weather)
forecast: {v} to scheme or plan before hand, to foresee
forecast: {n} contrivance beforehand, forefight
economic forecasting: Prediction of future economic activity and developments. Economic forecasts, which range from a few weeks to many years, are widely used in business and government to help formulate policy and strategy. Macroeconomic forecasts predict the course of the aggregate economy and concentrate on variables such as interest rates, the rate of inflation, and the rate of unemployment. Forecasts of private consumption and investment, government expenditures, and net exports help government policymakers responsible for fiscal policy. For example, part of the justification for a change in taxes is a forecast of its economic effects. Microeconomic forecasts are designed to project the effects of change at the level of an industry or a firm. Most microeconomic forecasts begin with assumptions about the aggregate economy before focusing on the projected effects in the specific sector that is of interest. Manufacturers and retailers use such forecasts to formulate business plans such as those involving inventory, production levels, or hiring
forecast: To estimate how a condition will be in the future
forecast: predict in advance
forecast: A definite statement or statistical estimate of expected future occurrences
forecast: An estimate of future events A forecast can be determined by mathematical means using historical data; it can be created subjectively by using estimates from authoritative sources; or it can represent a combination of both techniques
forecast: A prediction of the weather
forecast: Future-oriented financial information prepared using assumptions all of which reflect the entity's planned courses of action for the period covered given management's judgment as to the most probable set of economic conditions
forecast: Previous contrivance or determination; predetermination
forecast: An estimate, based on assumptions about future trends in births, deaths and migration, or of a demographic characteristic such as population or number of households Forecasts and projections are terms that are often used interchangeably
forecast: A forecast is a statement of what is expected to happen in the future, especially in relation to a particular event or situation. a forecast of a 2.25 per cent growth in the economy He delivered his election forecast The weather forecast is better for today
forecast: An estimation
forecast: a statement or prediction of expected future weather conditions
forecast: the act or product of an act of projecting the most probable future values of a data series
forecast: To foresee; to calculate beforehand, so as to provide for
forecast: To attempt to predict the circumstances of our lives according to the movement of the planets through a future configuration in our natal chart
forecast: An estimate of the future demand A forecast can be determined by mathematical means using historical data and it can be created from informal techniques or both [APIC] A forecast is an extrapolation of the past into the future It is an objective computation involving data as opposed to an informal predication of changes and new factors influencing demand [CMSG]
forecast: A statement about future trends, usually as a probability, made by examining and analyzing available information A forecast is also a prediction about how something will develop usually as a result of study and analysis of available pertinent data
forecast: An estimate of future business as it relates to sales and profits
forecast: An estimate of the future based on rational study and analysis of available pertinent data, as opposed to subjective prediction
forecast: To plan beforehand; to scheme; to project
forecast: {s} predicted, expected, anticipated
forecast: The projection of future demand, normally to supply the independent portion of demand such as customer or interplant orders, based on past history and known market changes The prime driver for systems that manufacture items to stock, instead of to order
forecast: To contrive or plan beforehand
forecast: The forms forecast and forecasted can both be used for the past tense and past participle
forecast: A forecast provides a description of the most significant weather conditions expected during the current and following days The exact content depends upon the intended user, such as the Public or Marine forecast audiences
forecast: An estimate of what might happen in the future It is not absolute and often has probabilities attached It is a "best guess"
forecast: -a forecast is an estimation of future demand Most forecasts use historical demand to calculate future demand Adjustments for seasonality and trend are often necessary
forecast: indicate by signs; "These signs bode bad news"
forecast: A prediction of future conditions and occurrences based on the perceived functioning of a system A "forecast" differs from a projection, which is also a prediction of future conditions and occurrences, but a projection is based on an extrapolation (usually graphical) of past trends
forecast: An estimation or calculation in advance; a prediction The amount of cargo expected to be booked for a certain sailing of a vessel The number of containers expected to be used in a certain area, for steering purposes
forecast: judge to be probable
forecast: Predicted demand for electric power A forecast may be short term (e g , 15 minutes) for system operation purposes, long-term (e g , five to 20 years) for generation planning purposes, or for any range in between
forecast: A statement of expected future occurrences Weather forecasting includes the use of objective models based on certain atmospheric parameters, along with the skill and experience of a meteorologist
forecast: Foresight of consequences, and provision against them; prevision; premeditation
forecast: A projection or prediction of future values of a time series
forecast: a prediction about how something (as the weather) will develop
forecast: Prospective FINANCIAL STATEMENTS that are an entity's expected financial position, results of operations, and cash flows
forecast: extrapolates from present information very specifically with reference to a short time frame It predicts what may occur but does not change or impact on social changes
forecast: If you forecast future events, you say what you think is going to happen in the future. They forecast a humiliating defeat for the Prime Minister He forecasts that average salary increases will remain around 4 per cent. see also weather forecast. a description of what is likely to happen in the future, based on the information that you have now prediction. forecast forecasted to make a statement saying what is likely to happen in the future, based on the information that you have now = predict
technological forecasting: techniques for forecasting developments that aids in creating financial strategies, expectation for processes and trends in the development of production and marketing
weather forecasting: predicting the weather
weather forecasting: Prediction of the weather through application of the principles of physics and meteorology. Weather forecasting predicts atmospheric phenomena and changes on the Earth's surface caused by atmospheric conditions (snow and ice cover, storm tides, floods, etc.). Scientific weather forecasting relies on empirical and statistical techniques, such as measurements of temperature, humidity, atmospheric pressure, wind speed and direction, and precipitation, and computer-controlled mathematical models

forecasting

Hyphenation

fore·cast·ing

Turkish pronunciation

fôrkästîng

Pronunciation

/ˈfôrˌkastəɴɢ/ /ˈfɔːrˌkæstɪŋ/

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forecasting

Definition of forecasting in English Turkish dictionary

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Definition of forecasting in English English dictionary

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Hyphenation

Turkish pronunciation

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