Ripple forecast & technical analysis XRPUSD Continues Downward Feb6 CURRENCY TRADERS XRPUSD Continues Downward Insight & analysis RIpple XRPUSD This morning in early trading, XRP at $ 0.6758 against the USD, -19.17% lower at 11:59 PM UTC. In the last 24 period, XRP-USD traded at a high of $ 0.8531 and a low of $ 0.6724. Ripple […]
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.
Read more: Forecasting http://www.investopedia.com/terms/f/forecasting.asp#ixzz4eSB7HL1y
Follow us: Investopedia on Facebook
Litecoin forecast & technical analysis LTCUSD Downward Trend Feb 6 CURRENCY TRADERS LTCUSD Downward Trend Insight & analysis Litecoin LTCUSD This morning in early trading, LTC at $ 134.47 against the USD, -12.13% lower at 11:59 PM UTC. In the last 24 period, LTC-USD traded at a high of $ 155.39 and a low of […]
Ethereum forecast & technical analysis ETHUSD Bears Run Feb 6 CURRENCY TRADERS ETHUSD Bears Run Insight & analysis Ethereum ETHUSD This morning in early trading, ETH at $ 737.57 against the USD, -16.17% lower at 11:59 PM UTC. In the last 24 period, ETH-USD traded at a high of $ 889.99 and a low of $ […]
Bitcoin forecast & technical analysis BTCUSD selling Pressure Feb 6 CURRENCY TRADERS BTCUSD selling Pressure Insight & analysis Bitcoin BTCUSD This morning in early trading, BTC at $ 7,616.53 against the USD, -13.23% lower at 11:59 PM UTC. In the last 24 period, BTC-USD traded at a high of $ 8,912.76 and a low of […]
CURRENCY TRADERSUSDCAD Inflation Rate Insight & analysis Canadian Dollar CADUSD This morning in early trading, CAD at 1.2424 against the USD, 1.29% higher at 11:59 AM UTC. In the last 24 period, CAD-USD traded at a high of 1.2437 and a low of $ 1.2254 Canadian Dollar marginally lower against the US Dollar over the […]