Economic Forecasting Terms

adjective able to be calculated or estimated

• The exact cost of the project is not easily calculable due to various factors.
• It's hard to figure out the total cost of the project since there are so many variables.
• Trying to crunch the numbers for this project is a real headache.
• The impact of his actions on the company's reputation is incalculable.

noun the act of inferring or deducing information that is beyond the known or observed data

• The scientist used extrapolation to predict future climate trends based on current data.
• I'm not sure if we can trust that estimate, it seems like a lot of extrapolation.
• I wouldn't bet on that, it's just a bunch of extrapolation.
• His ability to extrapolate from small details and make big decisions is impressive.

adjective describing the extent or scope of something that extends over a great distance or range

• The new policy has far-reaching implications for the entire industry.
• The decision will have a big impact on everyone involved.
• The new rule is going to shake things up big time.
• The effects of the change will ripple out in all directions.

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

• Forecasting plays a crucial role in strategic planning for businesses.
• We use forecasting to predict future trends and make informed decisions.
• I'm not sure about the weather forecast, it's always changing.
• She is like a human forecasting machine, always able to predict people's behavior.

verb to appear as a vague form in the distance; to seem imminent or about to happen

• The deadline for the project is looming, so we need to work efficiently to meet it.
• I can't believe the exam is looming already, I haven't even started studying!
• The party is looming this weekend, it's going to be lit!
• The dark clouds looming overhead foreshadowed an impending storm.

adjective showing a tendency to see the worst aspect of things or believe that the worst will happen

• The economist's pessimistic forecast for the economy was met with skepticism by many.
• I'm feeling pretty pessimistic about our chances of winning the game tomorrow.
• Don't be so pessimistic, things will work out in the end.
• Her pessimistic view of the world was like a dark cloud following her everywhere.

noun a positive form of something, such as a positive number or a positive attitude

adjective describing or indicating a quality or state that is desirable or beneficial

• The research results showed a positive correlation between exercise and mental health.
• I'm feeling really positive about my chances of getting the job.
• I'm vibing with all the positive energy in the room.
• Her smile was like a burst of positive sunshine on a cloudy day.

adjective likely to happen or be true; plausible

• Based on the evidence provided, it is probable that the company will meet its quarterly targets.
• It's probably going to rain later, so you might want to bring an umbrella.
• There's a high chance that we'll get caught if we sneak out, so it's probably not a good idea.
• In the game of chess, it is probable that sacrificing a pawn early on will lead to a strategic advantage later.

noun a word that functions as the name of a specific thing, person, or place

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

article a word that is used with a noun to specify grammatical definiteness of the noun

• On the minus side, the company's revenue has been decreasing steadily for the past few quarters.
• On the minus side, we might have to work overtime to meet the deadline.
• On the minus side, we're totally broke until payday.
• On the minus side, her absence at the meeting was definitely noticed.