What is meant by forecast meaning?
What is meant by forecast meaning?
1 : a prophecy, estimate, or prediction of a future happening or condition. 2 archaic : foresight of consequences and provision against them : forethought.
What does forecast mean in business?
What is forecasting? Forecasting is a decision-making tool used by many businesses to help in budgeting, planning, and estimating future growth. In the simplest terms, forecasting is the attempt to predict future outcomes based on past events and management insight.
How do you use forecast in a sentence?
There is frost on the ground and snow is forecast.
- What’s the forecast for tomorrow?
- The weather forecast says there will be rain.
- The weather forecast is good for tomorrow.
- Rain is forecast for the weekend.
- Cooler weather is forecast for the weekend.
- The government has issued a pessimistic economic forecast.
Is forecast singular or plural?
forecast Definitions and Synonyms
| singular | forecast |
|---|---|
| plural | forecasts |
Why is it called forecast?
A storm in October 1859 that caused the loss of the Royal Charter inspired FitzRoy to develop charts to allow predictions to be made, which he called “forecasting the weather”, thus coining the term “weather forecast”.
Does forecast mean prediction?
A forecast is a prediction of what will happen.
Why is it called a forecast?
What is a forecast in marketing?
Forecasting is a part of the sales and market analysis that helps predict future sales, trends, numbers, and characteristics in the target market. Any kind of business needs to be planned carefully. It is necessary to see the tendencies and react to any changes in time.
What is the verb of forecast?
verb (used with object), fore·cast or fore·cast·ed, fore·cast·ing. to predict (a future condition or occurrence); calculate in advance: to forecast a heavy snowfall; to forecast lower interest rates. to serve as a prediction of; foreshadow. to contrive or plan beforehand; prearrange. SEE MORE.
Is forecast or forecasted correct?
Although both are used, forecast is the preferred form. Forecast is an irregular verb, meaning that its past forms don’t follow the general rule of adding ed to the base. There are lots of other verbs that are unchanged in past tense forms.
Why is forecasting necessary?
Why is forecasting important? Forecasting is valuable to businesses because it gives the ability to make informed business decisions and develop data-driven strategies. Financial and operational decisions are made based on current market conditions and predictions on how the future looks.
What is the opposite of forecast?
Opposite of a calculation or estimate of future events, especially coming weather or a financial trend. hindsight. ignorance. postmortem. thoughtlessness.