English · Work & Business
forecasting
/ˈfɔːr.kæs.tɪŋ/
[/ˈfɔːr.kæs.tɪŋ/]
predicting the future
Advancednoun
Definition
The process of predicting what is likely to happen in the future, based on present information.
Example
Accurate sales forecasting helped the company order exactly the right amount of stock each season.
Accurate sales forecasting helped the company order exactly the right amount of stock each season.
Etymology
From 'forecast' ('fore-', before, plus 'cast', to throw or reckon) plus '-ing'.
How & Where It’s Used
Used in business, weather prediction, and economics.