Pronunciation: /ˈfɔːrˌkæstɪŋ/
noun a statement about what will happen in the future, based on evidence or experience
A1 Forecasting the weather helps us plan our outdoor activities.
A2 The company uses forecasting to predict future sales and inventory needs.
B1 Financial forecasting is essential for budget planning and decision-making.
B2 The government relies on economic forecasting to determine fiscal policies.
C1 Advanced statistical models are used in forecasting to improve accuracy.
C2 The accuracy of forecasting can be influenced by various external factors.
verb to predict or estimate a future event or trend
A1 I am learning about forecasting the weather in my science class.
A2 The meteorologist is forecasting rain for tomorrow.
B1 The company is using historical data for forecasting sales for the next quarter.
B2 The economist is forecasting a recession based on current market trends.
C1 Sophisticated algorithms are used in financial forecasting to predict market trends.
C2 The team of analysts spent weeks forecasting the potential impact of the new government policies.
formal Forecasting plays a crucial role in strategic planning for businesses.
informal We use forecasting to predict future trends and make informed decisions.
slang I'm not sure about the weather forecast, it's always changing.
figurative She is like a human forecasting machine, always able to predict people's behavior.
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