Currency Traders Insight Australian Dollar forecast The pair is trading at 0.8039 at 10:40 GMT this morning, with the Australian Dollar trading 0.28% lower against US Dollar from the New York close. Australian Dollar forecast This morning ,the pair traded at a high of 0.8119 and a low of 0.8012. The Australian Dollar traded higher […]
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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CURRENCY TRADERS Insight Canadian Dollar forecast The pair is trading at 1.2364 at 10:40 GMT this morning, with the USD trading 0.14% higher against CAD from the New York close. Canadian Dollar forecast The pair traded at a high of 1.2391 and a low of 1.2283 this morning. The US Dollar declined against the Canadian Dollar […]
Currency Traders Insight Japanese Yen forecast This morning, at 10:40 GMT, the US Dollar is trading at 109.39 against the Yen, +0.20% lower from the New York close. Japanese Yen forecast During the session, the pair traded at a high of 109.47 and a low of 108.50. Yesterday, the US Dollar traded a tad higher […]
Currency Traders Insight Pound Dollar forecast At 10:40 GMT, the pair is trading at 1.4192, with the Pound trading 0.35% higher against US Dollar from the New York close. Pound Dollar forecast The pair witnessed a high of 1.4345 and a low of 1.4129 during the session. Yesterday, the Pound traded slightly higher against the […]
Currency Traders InsightEuro Dollar forecast This morning at 10:40 GMT, the EUR is trading at 1.2429 against the USD 0.19% higher from the New York close Euro Dollar forecast This morning, the pair traded at a high of 1.2536and a low of 1.2385. The Euro traded marginally higher against the US Dollar in the New York session […]