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.
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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FTSE 100 forecast increased to a 9-week high of 7,551 around 11:30 AM London time, on the back of a weaker pound. Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7556.24 in October of 2017 and a record low of 427.50 in February of 1978. FTSE 100 forecast |
NIKKEI 225 forecast closed up 73 points, or 0.4%, at 20,955 on Thursday, its highest closing level since December 1996, following the record highs overnight on Wall Street after the release of minutes of the US Fed’s latest monetary policy meeting. Historically, the Japan NIKKEI 225 Stock Market Index reached an all time high of
Swiss SMI forecast increased 32 points or 0.35% to 9297 on Thursday, October 12 from 9265 in the previous trading session. Historically, the Switzerland Stock Market (SMI) reached an all-time high of 9531.50 in June of 2007 and a record low of 1287.60 in January of 1991. Swiss SMI forecast & analysis October 12, 2017
Toronto TSX forecast decreased 24 points or 0.15% to 15777 on Thursday, October 12 from 15800 in the previous trading session. Historically, the Canada S&P/TSX Toronto Stock Market Index reached an all-time high of 15922.37 in February of 2017 and a record low of 217.50 in February of 1950. Toronto TSX forecast | analysis October
ASX 200 forecast increased 22 points or 0.39% to 5794 on Thursday, October 12 from 5772 in the previous trading session. Historically, the Australia S&P/ASX 200 Stock Market Index reached an all-time high of 6828.70 in November of 2007 and a record low of 1358.50 in November of 1992. ASX 200 forecast | analysis October