Forecast
/ˈfɔːrkæst/
Definitions
- (n.) A prediction or estimate of future events, especially in business or weather contexts.
The economic forecast predicts growth for the next quarter.
- (v.) To predict or estimate a future event or trend based on data or analysis.
The analyst forecasted a decline in sales for the upcoming year.
Forms
- forecasted
- forecasting
Commentary
In legal and business documents, forecasts should be clearly based on measurable data and qualified to avoid liability for inaccuracies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.