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English definition of “forecasting”


noun [U]
/ˈfɔːkɑːstɪŋ/ US   /ˈfɔrkæstɪŋ/
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.
(Definition of forecasting from the Cambridge Business English Dictionary © Cambridge University Press)
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