forecasting
n. uncountable B2 Upper Intermediate US //ˈfɔɹˌkæstɪŋ// UK //fˈɔːkɑːstɪŋ// fore·cast·ing
n. the act of predicting what will happen in the future based on information you have now.
n. the process of predicting future events or trends through the analysis of past and present data.
Accurate weather forecasting helps people plan their outdoor activities.
The company improved its inventory management by using advanced software for demand forecasting.
Economic forecasting remains a challenging discipline because unexpected geopolitical shifts can quickly invalidate even the most sophisticated statistical models.
Usage
Often functions as a gerund; frequently paired with modifiers like 'weather', 'economic', or 'financial'.