Forecasting definition

Forecasting means the action of Seller in preparing and submitting the Forecasts to SCE.
Forecasting means the projection of likely future electricity generation based on scientific analysis of meteorological data and other relevant parameters;
Forecasting means the action of Seller in preparing and submitting the Forecasts to Anaheim.

Examples of Forecasting in a sentence

  • ERCOT shall derive DAM Load distribution factors with the set of Load distribution factors constructed in accordance with the ERCOT Load distribution factor methodology specified in paragraph (c) of Section 3.12, Load Forecasting.

  • Forecasting Inflation in a Data-Rich Environment: The Benefits of Machine Learning Methods.

  • Technological Forecasting and Social Change, Vol 161, December 2020.

  • The bill adds the following areas of program responsibility:• Transportation technology;• Statewide corridors;• Forecasting and performance;• Emergency management; and• Safety.

  • The following types of computer models are included under this task: Travel Demand Forecasting Model (TDFM); Land use modeling; transit operations modeling; GIS-based analytical tools.


More Definitions of Forecasting

Forecasting means the action of Seller in preparing and submitting the Energy Forecast(s) to SCE in accordance with Exhibit D.
Forecasting means the projection of likely future electricity generation based on
Forecasting. On the first day of each [*] GWM shall provide to PPG the projected need for Product for [*] the [*] period commencing [*] from the date of forecast. The quantities indicated in the first [*] period of the [*] projection will be an affirmative obligation for GWM to purchase, and an affirmative obligation for PPG to supply Product within the limits of [*] The quantities indicated in the second [*] period of the [*] projection will be considered as a forecast only. With the exception of calendar year 2003 for which [*], notwithstanding anything in this Agreement, PPG’s [*] in any given [*] period shall be [*] indicated in [*] in which the [*] period falls.
Forecasting has the meaning set forth on Section 3.1.
Forecasting means predicting the future state or conditions of the atmosphere at a given time;
Forecasting means an estimate of future events or conditions or future-oriented financial information based on assumptions that reflect management's judgement as to the most probable set of economic conditions.2
Forecasting means future prediction. It is quite essential to be able to predict futuristic developments not only in the planning process but also while designing tourism products and services. A plan is worked out, based on certain assumptions. These assumptions are assumed on the basis of forecasting. Especially in marketing, to design a marketing plan accurate forecasting is very crucial. The forecast may predict certain behaviour of customers or specific moves planned by competitors. One has to also consider the policies of government or general socio- economic, legal or environmental developments which lead to peculiar trends. For example, the number of people travelling in specific destinations will change according to certain seasonality. If we consider social seasonality, we know that more people are going to travel during vacation period. If we take into account climatic seasonality we know that in summer people from hot plains will want to escape to hill stations to enjoy cooler air.