noun a statement about what will happen in the future, based on evidence or experience
verb to predict or estimate a future event or trend
Financial analysts use forecasting to predict stock prices, interest rates, and market trends.
Forecasting is used in business to predict future trends, sales, and financial outcomes.
Economists use forecasting to predict economic indicators such as GDP, inflation, and unemployment rates.
In meteorology, forecasting is used to predict weather patterns and conditions.
Marketers use forecasting to predict consumer behavior, sales trends, and market demand.
Forecasting is essential in supply chain management to predict demand and optimize inventory levels.
Writers may use forecasting to predict trends in the publishing industry and plan their writing projects accordingly.
Psychologists may use forecasting to predict patient outcomes based on different treatment plans or to anticipate future mental health trends.
Financial analysts use forecasting to predict stock market trends, company performance, and economic indicators to make investment recommendations.
Supply chain managers use forecasting to predict demand for products, plan inventory levels, and optimize the flow of goods through the supply chain.
Meteorologists use forecasting to predict weather patterns, severe storms, and natural disasters to provide accurate weather forecasts and warnings to the public.