forecast


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forecast

(for′kast″)
To make an informed prediction about a future event based on history, data, and personal experiences and professional judgments.
References in periodicals archive ?
If a forecast is too high, customers will over-invest in products and staff, which ends up as wasted investment, and if the forecast is too low, they will under-invest, which leads to a shortfall in raw materials and inventory; creating a poor customer experience.
Based on the results, Finance Undersecretary Karl Kendrick Chua said the most accurate forecasts in the fourth quarter of 2018 deviated only 0.
(2006), found low levels of technique familiarity, which may partially explain poor forecast accuracy.
'Well, if somebody needs my forecast, I'll be glad to give it.
A growth by 3.8 percent is expected in 2020 (previous forecast was 3.5 percent), a growth by 3 percent - in 2021 (2.4 percent earlier), by 2.7 percent - in 2022 (forecast for 2022 was not provided previously).
IMF's forecasts for Hong Kong's economic outlook are mixed: it raises its forecast for 2018 by 0.2 percentage points to 3.8%, while cutting its forecast for 2019 by 0.3 percentage points to 2.9%.
Any error that develops in a forecast will rapidly grow and cause further errors on a larger scale.
Despite much progress with hurricane intensity forecasts in the past decade, they are not as good as hurricane track predictions.
In order to generate a baseline forecast, a forecasting organization expects its computerized forecasting system to have imbedded in it standard statistical forecasting techniques used to project historical demand.
You can get unambiguous feedback on how your forecasts have performed by comparing actual revenues to the original forecast.
As one of the primary international scientific projects, THORPEX aims to contribute to our society, economics, and environment by advancing a unified observation-forecast system and improving the accuracy of 1-14 days' high impact weather forecast. TIGGE, as the core component of the THORPEX, aggregates the forecast products from all major forecast centers in the world and provides further analyzing, processing, and evaluation support to users.