Making projections about future performance on the basis of historical and current conditions data. Bloomberg Financial Dictionary

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forecast forecast 2 verb forecast PTandPP or forecasted [transitive] ECONOMICS
to make a statement saying what is likely to happen in the future, based on information that is available now:

• Turnover is forecast to grow 6.7% this year.

• This year we forecast growth of 30%.

forecast that

• The bank's chief economist has forecast that interest rates will fall within two months.

forecast something at something

• GDP growth was forecast at 1%.

— forecasting noun [uncountable] :

• Economic forecasting is not an exact science.

— forecaster noun [countable] :

• The upturn in sales was double the increase the economic forecasters had been expecting.

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forecasting UK US /ˈfɔːkɑːstɪŋ/ US  /ˈfɔrkæstɪŋ/ noun [U]
the job or activity of judging what is likely to happen in the future, based on the information you have now: economic/market/sales forecasting »

The report looks at the role of sales and market forecasting in the operation of the business.

Financial and business terms. 2012.

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