Prediction vs. Forecast

By Jaxson

  • Prediction

    A prediction (Latin præ-, “before,” and dicere, “to say”), or forecast, is a statement about an uncertain event. It is often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference between the two terms; different authors and disciplines ascribe different connotations. (Contrast with estimation.)

    Although guaranteed accurate information about the future is in many cases impossible, prediction can be useful to assist in making plans about possible developments; Howard H. Stevenson writes that prediction in business “… is at least two things: Important and hard.”

  • Prediction (noun)

    A statement of what will happen in the future.

    “”It’s tough to make predictions, especially about the future.” Yogi Berra or Robert Storm Petersen (in translation from Danish)”

  • Prediction (noun)

    A probability estimation based on statistical methods.

  • Forecast (verb)

    To estimate how something will be in the future.

    “to forecast the weather”

    “to forecast a storm”

  • Forecast (verb)

    To contrive or plan beforehand.

  • Forecast (noun)

    An estimation of a future condition.

  • Forecast (noun)

    A prediction of the weather.

  • Forecast (noun)


  • Forecast (verb)

    predict or estimate (a future event or trend)

    “coal consumption in Europe is forecast to increase”

    “rain is forecast for Scotland”

  • Forecast (noun)

    a calculation or estimate of future events, especially coming weather or a financial trend.

Oxford Dictionary

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