Forecasting

Forecasting

A series of techniques for trying to predict the future on the basis of known data, usually with regard to the economy or some aspect of it like sales, demand or the need for manpower planning. Sometimes a qualitative methodology like the delphi method may be used, but more often a quantitative methodology is used employing a mathematical or statistical technique like regression analysis. See also model and operational research.

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Part of Speech: noun
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Industry/Domain: Business administration
Category: Financial management
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Related terms

forecast

Retail; Supermarkets

A projection of sales volume.

forecasts

Business services; Project management

Estimates or predictions of conditions and events in the project’s future based on information and knowledge available at the time of the forecast. Forecasts are updated and ...

forecast

Professional careers; Sales

A predicted amount of revenue generation for a particular time period and/ or area of geography and/ or industry, can also be used to describe a sales target (in revenue and/or ...

forecasting

Professional careers; Sales

Predicting future variables, such as the level of sales in a given period, the environmental factors that will influence the firm's performance, etc.

forecast

Education; SAT vocabulary

To predict.

cash flow

Business administration; Financial management

Cash flow is the movement of money in and out of a company. When more cash comes in than going out, it is said the company's operations are cash flow positive. A negative cash ...

K

Business administration; Financial management

A common abbreviation for one thousand, derived from the French ‘kilo’. It is used especially of money; for example, $50K = $50,000.

golden handcuffs

Business administration; Financial management

A financial inducement to an employee to stay, which is so favourable that he or she would find it difficult to leave the organization.

creative accounting

Business administration; Financial management

A form of accounting in which the presentation of financial data is manipulated to the advantage of an organization in any way possible within the law (or not, as the case may ...

indirect taxation

Business administration; Financial management

A form of taxation which is not paid directly to the government, as in direct taxation, but added to the cost of goods and services; for example, Value Added Tax or the tax on ...

shadow price

Business administration; Financial management

A guess or best estimate of the price of a product in the absence of a market in that product which can actually provide one. See also opportunity cost.