Meaning of the word forecasting in English

What does forecasting mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

forecasting

US /ˈfɔrkæstɪŋ/
UK /ˈfɔːkɑːstɪŋ/

Noun

the activity of predicting future events or trends

Example:
Weather forecasting has become much more accurate with modern technology.
Economic forecasting helps businesses make informed decisions.

Verb

to predict or estimate a future event or trend

Example:
The meteorologist is forecasting heavy rain for tomorrow.
Analysts are forecasting a rise in interest rates.