Meaning of “forecasting” in the English Dictionary

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"forecasting" in Business English

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forecastingnoun [ U ]

uk /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)