BNET Business Dictionary
Business Definition for: Forecast
- a prediction of the value of a variable in a statistical study
Wiktionary Definition for: Forecast
- To estimate how a condition will be in the future.
- An estimation.
- A prediction of the weather.
- Ex:*What's the '''forecast''' for tomorrow?
Additional Resources
- Why The Sales Forecast Stinks
- Why The Sales Forecast StinksDiscipline can help the forecastWhile I generally agree with your statements, and have seen the abuses you mention often, I must mention a situation where the forecast was spot-on, regularly, without a mathematician:The Sales Manager (let's call him Pete) used a Sales Automation system (doesn't matter...
- Discussion threads 2007-08-01
- Jobless to Be 250,000 Less Than Forecast
- The federal government has slashed its unemployment forecast, suggesting nearly 250,000 fewer people will lose their job because of the economic downturn than forecast in May.The government released its 2009/10 mid year economic and fiscal outlook MYEFO on Monday, which has upgraded growth forecasts, but the budget deficit is...
- News items 2009-11-02
- Improve Forecast Accuracy by the Consensus Process
- Business forecasting is hard. As Mark Twain once said, "the art of prophecy is very difficult, especially with respect to the future." The key to developing an accurate forecasting system, as evidenced by a detailed case study in the Harvard Business Review (pay to view, unfortunately), is to incorporate all...
- Blog posts 2007-05-02
- Why The Sales Forecast Stinks
- Let's face it: most sales forecasting is a complete joke. Here's the routine: The sales manager asks for the forecast. The reps make a guess at what will close, then subtract ten percent, just in case. The sales manager takes the forecast and raises it ten percent because he knows the reps...
- Blog posts 2007-08-01
- Dismal J.D. Power Auto Forecast Looks Downright Prescient
- It looks as if J.D. Power and Associates merely beat the rush when it issued a dismal auto sales forecast that looked far-fetched just seven weeks ago. Just in time for the New York auto show (March 19-20), Power on March 18 cut its 2008 auto sales forecast from 15.7...
- Blog posts 2008-05-08
- What Are Your Expectations For Your Forecast?
- Do you give your forecast the focus and attention it deserves? If you are not honest and ruthless about your forecast- and at what stage it is truly at-how can you be successful? How you manage your forecast is usually a good indicator of how you manage your business in...
- White papers 2008-06-29
- "Worldwide Camera Phone and Videophone 2006-2010 Forecast" by IDC.
- M2 PRESSWIRE-13 February 2007-MarketResearch.com: "Worldwide Camera Phone and Videophone 2006-2010 Forecast" by IDCC1994-2007 M2 COMMUNICATIONS LTD RDATE:13022007 This IDC study is an update to Worldwide Camera Phone and Videophone 2005-?2009 Forecast. It provides a worldwide forecast, by region, of camera...
- Research articles 2007-02-13
- WSI Energycast 2008 Tropical Forecast Calls for Active Atlantic Season
- WSI issues an update of special interest to energy traders ANDOVER, Mass. -- WSI Corporation issued a regularly-scheduled update to their 2008 Atlantic tropical season forecast on April 15. The 2008 forecast now calls for 14 named storms, 8 hurricanes, and 4 intense hurricanes (category 3 or greater). These...
- Research articles 2008-04-23
- Intel raises sales forecast
- IDG News Service - Fueling hopes that the hardware sector will bounce back from the recession in the second half of the year, Intel Corp. said today its expectations for third-quarter revenue are higher than its prior forecast due to stronger-than-expected demand for processors and chipsets. Intel said it expects...
- News items 2009-08-28
- Toyota scales back loss forecast
- Toyota Motor scaled back its loss forecast for the year to next March on Thursday, reflecting an aggressive cost-cutting drive and improved sales of some vehicles ? particularly low-emission cars such as its Prius hybrid, which have been made more affordable by government subsidies.Toyota said it expected to make...
- External links 2009-11-04
- DOOH Forecast Dims
- Even digital out-of-home, one of the fastest-growing media, was not immune to the effects of the economy in 2009. Digital OOH will inch up 2 percent to $2.5 billion, according to an updated forecast from PQ Media, which chopped more than 4 percentage points off its August forecast.The research firm...
- News items 2009-11-10
- Forecast And Plan Your Sales
- Accurately forecasting your sales and building a sales plan can help you to avoid unforeseen cashflow problems and manage your production, staff and financing needs more effectively. A sales forecast is an essential tool for managing a business of any size. It is a month-by-month forecast of the level of...
- White papers 2005-08-15
- Where's aluminum demand going?(Sumitomo Corp. forecast of primary aluminum demand)(Brief Article)
- From Japan comes a Sumitomo Corp. forecast that demand for primary aluminum in the Western World will rise 1% to 20.22 million metric tons from the 20.03 million metric tons in 2000. From Canada comes an Alcan Aluminium Ltd. forecast that consumpti From Japan...
- Research articles 2001-03-08
- Nokia, Motorola forecast flat infrastructure sales.(News)
- While Nokia Corp. forecast an increase in handset sales for the next year and Motorola Inc. lowered its handset forecast for the same time frame, the two wireless manufacturers agreed that the outlook for network infrastructure equipment remains fl While Nokia Corp. forecast an...
- Research articles 2003-04-21
- GOLDMAN SACHS RAISES FORECAST TO CHINA'S GDP GROWTH
- AsiaInfo Services 03-28-2007 Goldman Sachs Raises Forecast to China's GDP Growth BEIJING, Mar 28, 2007 SinoCast via COMTEX -- Goldman Sachs on March 26 increased its forecast of the growth of China's GDP gross domestic product in 2007 to 10 ...
- Research articles 2007-03-28
- MOODY'S RAISED THE FORECAST OF RUSSIA'SRATING
- A&G Information Services 04-23-2002 MOODY'S RAISED THE FORECAST OF RUSSIA'SRATING ST.PETERSBURG, RUSSIA, APR 22, 2002 (A&G News via COMTEX) -- International rating agency Moody's changedthe forecast of Russia's currency rating a A&G Information Services 04-23-2002 ...
- Research articles 2002-04-23
- Double-digit wireless telephone demand growth so far this year has prompted the Gartner research company to raise its forecast for global handset sales in 2004 to more than 600 million units, from an earlier forecast of 580 million.(Supply: what's happeni
- Double-digit wireless telephone demand growth so far this year has prompted the Gartner research company to raise its forecast for global handset ... Double-digit wireless telephone demand growth so far this year has prompted the Gartner research company to raise its forecast for global...
- Research articles 2004-08-17
- Goldman Sachs adjusts 2004 forecast.(BASE METALS)(Brief Article)
- Goldman Sachs analysts who prepare file New York brokerage's Global Commodity Research recently adjusted their 2004 average price forecast for London Metal Exchange LME aluminum to 68 cents, compared with the consensus forecast of 66 cents. Howev Goldman Sachs analysts who prepare file New...
- Research articles 2003-10-09
- The Henry Hub natural gas price forecast for 2005 has been raised to $8.32 per million British thermal units (MMBtu) by Standard & Poor analyst Tina Vital, who also has boosted her 2006 forecast to $8.90.(prices: FACTORS AFFECTING PRODUCT COST)(Brief
- The Henry Hub natural gas price forecast for 2005 has been raised to $8.32 per million British thermal units MMBtu by Standard & Poor analyst Tina Vital, who also has boosted her ... The Henry Hub natural gas price forecast for 2005 has been raised...
- Research articles 2005-10-06
- Prescient Applied Intelligence Launches Forecast Exchange Supply Chain Collaboration Tool; Web-based System Links Retailers with Suppliers to Improve Forecast Accuracy
- WEST CHESTER, Penn. -- Prescient Applied Intelligence, Inc. (OTCBB:PPID), enabling retail trading partners to align planning and execution, today announced the release of Forecast Exchange, a Web-based collaboration tool where retailers and their suppliers can easily share forecast information, manage to exceptions and improve forecast accuracy.
- Research articles 2005-02-14
