CEFR B2

forecasting

noun

Meaning

The process of making predictions about future events or trends, often based on analysis of past and present data.

Examples

Economic forecasting helps governments plan for future financial stability.
Accurate sales forecasting is crucial for businesses to manage their inventory effectively.

Synonyms: prediction, projection, prognostication, extrapolation

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forecasting (B2)

noun

Pronunciation: /ˈfɔːrkæstɪŋ/

Definition

The process of making predictions about future events or trends, often based on analysis of past and present data.

Examples

Economic forecasting helps governments plan for future financial stability.
Accurate sales forecasting is crucial for businesses to manage their inventory effectively.
Technological advancements have significantly improved the precision of long-range weather forecasting.

How to Use forecasting

demand forecasting (collocation): Predicting future customer demand for a product or service. — "Effective demand forecasting helps reduce waste and optimize production."
forecasting methods (collocation): Techniques or approaches used to make predictions. — "Various forecasting methods, from simple averages to complex algorithms, are available."
forecasting error (collocation): The difference between a forecasted value and the actual value. — "Minimizing forecasting error is a key goal in supply chain management."

Synonyms of forecasting

Words with a similar meaning to forecasting:

Antonyms of forecasting

Words with the opposite meaning to forecasting:

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