Bitcoin Cash forecast & analysis BCHUSD downward trend Jan 24 Cryptocurrency market correction sees Ripple, Bitcoin Cash, fall by 10% INSIGHT BCHUSD downward trend BCHUSD This morning at 10:40 EST, the BCH is trading at $ 1,536.26 against the USD, -9.56% higher from the New York close. A major correction has dawned the cryptocurrency market […]
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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Ripple forecast & analysis XRPUSD bearish trend Jan 24 Ripple Drops As Nervous Investors Flee Cryptocurrencies INSIGHT XRPUSD bearish trend XRPUSD This morning at 10:40 EST, the XRP is trading at 1.20 against the USD, -9.77% lower from the New York close. Ripple’s XRP token has fallen more than the broader cryptocurrency markets because there […]
Litecoin forecast & analysis LTCUSD downward trend Jan 24 Litecoin rolled over a bit during the trading session on Monday, as we continue to see negativity in the cryptocurrency markets overall INSIGHT LTCUSD downward trend LTCUSD This morning at 10:40 EST, the LTC is trading at $ 169.52 against the USD,-9.23% lower from the New […]
Ethereum forecast & analysis ETHUSD downward trend Jan 24 World’s largest Bitcoin and Ethereum exchange BitFlyer is coming to Europe INSIGHT ETHUSD downward trend ETHUSD This morning at 10:40 EST, the ETH is trading at$ 946.49against the USD, -12.16% higher from the New York close. The world’s largest Bitcoin exchange is coming to Europe after winning […]
Bitcoin forecast & analysis BTCUSD downward trend Jan 24 Bitcoin drops as South Korea bans anonymous cryptocurrency trading INSIGHT BTCUSD downward trend BTCUSD This morning at 10:40 EST, the BTC is trading at $ 10,539.16 against the USD, -10.42%higher from the New York close. South Korea has banned anonymous bank accounts being used to buy […]