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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AUDUSD weekly forecast Technical Analysis Forex pair australian dollar to us dollar aud/usd completes trading week at 0.7927

Australian Dollar forecast AUDUSD Moving Down Jan25

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 […]

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Canadian Dollar forecast USDCAD Moving upward Jan25

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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 […]