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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USDCHF Midday The USDCHF increased 0.0015 or 0.15% to 0.9758 on Monday, October 16 from 0.9743 in the previous trading session. Historically, the Swiss Franc reached an all-time high of 3.88 in April of 1972 and a record low of 0.72 in August of 2011. Dollar Franc forecast USDCHF Midday October 16, 2017 Earlier, a
USDJPY Midday The USDJPY decreased 0.1200 or 0.11% to 111.7950 on Monday, October 16 from 111.9150 in the previous trading session. Historically, the Japanese Yen reached an all-time high of 306.84 in December of 1975 and a record low of 75.74 in October of 2011. Japanese Yen forecast USDJPY Midday October 16, 2017 Earlier, a
GBPUSD Midday The GBPUSD decreased 0.0004 or 0.03% to 1.3277 on Monday October 16 from 1.3281 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985. Pound Dollar forecast GBPUSD Midday October 16, 2017 Earlier,
EURUSD Midday The EURUSD decreased 0.0007 or 0.06% to 1.1803 on Monday, October 16 from 1.1809 in the previous trading session. Historically, the Euro-Dollar Exchange Rate – EUR/USD reached an all-time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a
analysis LTCUSD Litecoin LTC/USD is trading at the level of 63. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Litecoin. Ichimoku Kinko Hyo signal line area test is near the level 60, from which it is expected to rebound and try to grow LTC/USD with a target above