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forecast

English translation: yes it is - use as is

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:forecast
English translation:yes it is - use as is
Entered by: zax
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18:36 Apr 28, 2008
English to English translations [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
Belarus
Local time: 19:53
yes it is
Explanation:
Forecasting in economics is usually based on regression analysis.
Selected response from:

zax
Local time: 12:53
Grading comment
thanks zax!
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +3yes it iszax


  

Answers


2 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +3
yes it is


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

zax
Local time: 12:53
Specializes in field
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in category: 12
Grading comment
thanks zax!

Peer comments on this answer (and responses from the answerer)
agree  Phong Le
5 hrs
  -> Thanks, Phong

agree  Gary D
12 hrs
  -> Thanks, Gary

agree  V_N
16 hrs
  -> Thanks, V_N
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Changes made by editors
Apr 29, 2008 - Changes made by zax:
Created KOG entryKudoZ term » KOG term


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