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.
Read more: Forecasting http://www.investopedia.com/terms/f/forecasting.asp#ixzz4eSB7HL1y
Follow us: Investopedia on Facebook
EURUSD forecast Euro The currency pair EUR/USD continues to move within the framework of growth. At the moment, we should expect an attempt to test the level of 1.2050 and start falling below the level of 1.1650 as part of the development of the «Head and Shoulders» reversal model. In favor of falling quotations EUR/USD is a
GBPUSD forecast Pound Currency pair Pound Dollar GBP/USD continues to move within the correction. At the moment, quotes are testing the area of 1.3505. It is expected to rebound and continue to grow the pound in the area above the level of 1.3690. GBPUSD forecast Pound Dollar Midday September 20, 2017 In favor of the growth of
USDJPY forecast Dollar Yen Quotes of the currency pair USD/JPY are trading within the limits of growth. At this point, we should expect a rebound and a fall in the pair’s quotations in the support area near the level of 110.80. Whence again it is necessary to expect the continuation of the pair’s growth of the Dollar
USDCHF forecast Dollar Franc Currency pair Dollar Franc USD/CHF continues to move within the correction. At the moment, we should expect a test of the support area near the level of 0.9545 and the continuation of growth above the level of 0.9820. USDCHF forecast Dollar Franc Midday September 20, 2017 In favor of the growth of the
Stock index Dow Jones forecast increased 26 points or 0.12% to 22396 on Wednesday, September 20 from 22371 in the previous trading session. Historically, the Dow Jones Industrial Average reached an all-time high of 22395.93 in September of 2017 and a record low of 41.20 in July of 1932. Stock index Dow Jones forecast September