Meaning of the word prognostication in English

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

prognostication

US /prɑːɡ.nɑː.stəˈkeɪ.ʃən/
UK /prɒɡ.nɒs.tɪˈkeɪ.ʃən/

Noun

a judgment or the act of making a judgment about what is likely to happen in the future:

Example:
optimistic economic prognostications