Forecasting is the use of historic data to determine the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time. This is typically based on the projected demand for the goods and services they offer.

BREAKING DOWN ‘Forecasting’

Investors utilize forecasting to determine if events affecting a company, such as sales expectations, will increase or decrease the price of shares in that company. Forecasting also provides an important benchmark for firms, which need a long-term perspective of operations. Stock analysts use forecasting to extrapolate how trends, such as GDP or unemployment, will change in the coming quarter or year. The further out the forecast, the higher the chance that the estimate will be inaccurate. Finally, statisticians utilize forecasting in any situation that requires the use of forecasting. For instance, data may be collected regarding the impact of customer satisfaction by changing business hours or the productivity of employees upon changing certain work conditions.

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GOLD prices forecast  GOLD XAU/USD is trading at 1286. GOLD continues to trade above the upper Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Gold. The upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 1285, from which one should expect a rebound and further development
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forecast Brent Oil  Brent crude oil is trading at a level of 57.85 dollars per barrel. Brent oil is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Oil. The test area of Ichimoku Kinko Hyo indicator lines near the level of 57.25 is expected,
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Turbulence in the cryptocurrency market outshone any relevant Litecoin news on Wednesday morning, driving the LTC price down 8.3%. Litecoin Price Forecast – LTC Drops Overnight But Remains Up 11% from Last Week  LTC Drops Overnight Considering that $13.0 billion drained out of the entire market, it’s unlikely that investors were targeting Litecoin specifically. The Big Three
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XRP in Freefall  The worst thing about fear is that it starts a vicious cycle. Panic only begets more panic. And if you’re looking for proof of this phenomenon, look no further than today’s Ripple news. Daily Ripple Price Forecast – XRP in Freefall as $13 Billion Leaves Crypto Market XRP prices dropped 11.29% in yesterday’s trading,
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forecast AUDUSD  Currency pair Australian Dollar US Dollar AUD/USD is trading at 0.7847. The pair continues to trade above the Ichimoku Kinko Hyo Cloud, indicating that there is an upward trend in the pair Australian Dollar US Dollar. Ichimoku Kinko Hyo indicator signal area test near the level of 0.7835 is expected, from which it is expected
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