forecast

English translation: yes it is - use as is

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	forecast
Selected answer:	yes it is - use as is
Entered by:	zax

18:36 Apr 28, 2008

English language (monolingual) [PRO]
Science - Economics / modeling

English term or phrase: forecast

Is ‘forecast’ appropriate here, or should ‘predict’ or ‘project’ or prognose’ be used? It is a text describin a macro-economic model that predicts GDP growth etc.

"First, the theoretical assumptions the model is based on as well as its scale could affect both the overall quality and the forecasting capacities of that model."

Throughout the document, different forms of forecast are used over and over. Are there rules about using the term forcast or prediction when applied to models or analytical opinions?

Three more example sentences:

The price of crude oil is predicted on the basis of world market forecasts and intergovernmental agreement between Belarus and Russia on terms of oil supply.

In order to forecast oil price for Belarus over a period of 2010-2011, the duty for Belarus has been calculated on the basis of information available for 2009.

The employment forcast is produced by assuming an unchanged ‘full employment’ policy.

Max Nuijens KudoZ activity Questions: 89 (none open) (3 closed without grading) Answers: 749 Netherlands
Local time: 02:42

yes it is

Explanation:
Forecasting in economics is usually based on regression analysis.

Selected response from:

zax
Local time: 20:42

Grading comment

thanks zax!
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

5 +3

yes it is

zax

Answers

2 hrs confidence:

peer agreement (net): +3

yes it is

Explanation:
Forecasting in economics is usually based on regression analysis.

zax
Local time: 20:42
Specializes in field
Native speaker of:

Arabic,

English
PRO pts in category: 12

Grading comment

thanks zax!

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English translation: yes it is - use as is

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