Forecasting
/ˈfɔːrkæstɪŋ/
Definitions
- (n.) The act or process of predicting or estimating future legal trends, risks, or outcomes based on analysis of current evidence and precedents.
Forecasting the potential impact of new regulations helps corporations mitigate legal risks.
Related terms
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Commentary
In law, forecasting often underpins strategic decision-making by anticipating future legal developments or disputes.
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.