Words / F / Business

forecasting

noun/ˈfɔːkɑːstɪŋ/

B1CEFR level
25/100Rarity: fairly common
TechnicalRegister

The practice of estimating future demand or supply to guide planning and inventory decisions.

Poor forecasting left us long on winter stock and short on the lines that actually sold.

Topic: Operations & supply chain in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Operations & supply chain