Forecast Error in a sentence
Antonym: accuracy
Meaning: The difference between a predicted value and the actual outcome; significant in statistics.
(1) The forecast error was due to inaccurate data input.
(2) The forecast error for tomorrow's weather was minimal.
(3) The forecast error led to a delay in the construction project.
(4) The forecast error in the crop yield affected farmers' income.
(5) The forecast error in the interest rate affected mortgage rates.
(6) The company's financial forecast error led to significant losses.
(7) The economist's forecast error caused a stir in the stock market.
(8) The forecast error in estimating project timelines caused delays.
(9) The meteorologist's forecast error resulted in unexpected rainfall.
(10) The forecast error in the energy sector led to a shortage of supply.
Forecast Error sentence
(11) The forecast error in the inflation rate impacted consumer spending.
(12) The forecast error in predicting sales affected inventory management.
(13) The forecast error in the GDP growth rate impacted government revenue.
(14) The forecast error in estimating project costs caused budget overruns.
(15) The forecast error in estimating project costs led to budget overruns.
(16) The economic forecast error caused uncertainty in the business community.
(17) The forecast error in the population growth rate affected urban planning.
(18) The forecast error in the healthcare sector caused a strain on resources.
(19) The forecast error in the technology market affected investor confidence.
(20) The forecast error in the consumer sentiment index affected retail sales.
Forecast Error make sentence
(21) The forecast error in the exchange rate resulted in currency fluctuations.
(22) The forecast error in the interest rate led to changes in borrowing costs.
(23) The forecast error in the stock market index resulted in volatile trading.
(24) The forecast error in the sales projections led to overproduction of goods.
(25) The forecast error in estimating population growth impacted urban planning.
(26) The forecast error in estimating population growth affected urban planning.
(27) The forecast error in predicting crop yields affected agricultural planning.
(28) The forecast error in the weather report resulted in canceled outdoor events.
(29) The forecast error in the housing market caused a decline in property prices.
(30) The government's forecast error in economic growth led to policy adjustments.
Sentence of forecast error
(31) The weather forecast error caused many people to be unprepared for the storm.
(32) The forecast error in predicting exchange rates affected international trade.
(33) The forecast error in the unemployment rate caused concern among policymakers.
(34) The forecast error in the oil prices caused fluctuations in the energy market.
(35) The forecast error in the foreign exchange market led to currency devaluation.
(36) The forecast error in predicting interest rates affected investment decisions.
(37) The forecast error in estimating healthcare costs affected budget allocations.
(38) The forecast error in estimating customer churn affected retention strategies.
(39) The forecast error in predicting consumer demand affected production planning.
(40) The forecast error in estimating healthcare costs affected insurance premiums.
Forecast Error meaningful sentence
(41) The forecast error in predicting customer demand affected inventory management.
(42) The forecast error in estimating energy consumption affected resource planning.
(43) The forecast error in the unemployment claims led to incorrect policy decisions.
(44) The forecast error in the population demographics affected marketing strategies.
(45) The forecast error in the climate model led to inaccurate long-term predictions.
(46) The forecast error in energy consumption led to inefficient resource allocation.
(47) The forecast error in estimating healthcare demand affected resource allocation.
(48) The forecast error in estimating project timelines affected resource allocation.
(49) The airline industry suffered losses due to a forecast error in passenger demand.
(50) The forecast error in predicting consumer behavior affected marketing strategies.
Forecast Error sentence examples
(51) The forecast error in predicting housing prices impacted real estate investments.
(52) The forecast error in estimating unemployment rates impacted government policies.
(53) The forecast error in predicting traffic patterns caused congestion on the roads.
(54) The forecast error in predicting crime rates affected law enforcement strategies.
(55) The forecast error in estimating housing prices affected real estate investments.
(56) The company's financial projections were affected by a significant forecast error.
(57) The forecast error in predicting natural disasters impacted disaster preparedness.
(58) The government's forecast error in estimating tax revenues led to budget deficits.
(59) The forecast error in estimating customer demand affected supply chain management.
(60) The forecast error in the manufacturing sector resulted in a decline in production.
Sentence with forecast error
(61) The forecast error in the sales projections affected the company's budget planning.
(62) The weather forecast error in predicting heatwaves affected public health planning.
(63) The meteorologist's forecast error in predicting fog affected air travel schedules.
(64) The forecast error in the tourism industry resulted in a decline in visitor numbers.
(65) The forecast error in predicting inflation rates affected monetary policy decisions.
(66) The forecast error in predicting stock market trends impacted investment portfolios.
(67) The meteorologist apologized for the forecast error that resulted in unexpected rain.
(68) The forecast error in predicting customer satisfaction impacted service improvements.
(69) The forecast error in estimating traffic congestion affected urban mobility planning.
(70) The forecast error in estimating air pollution levels affected environmental policies.
Use forecast error in a sentence
(71) The company's forecast error in predicting market trends affected product development.
(72) The forecast error in predicting technological advancements impacted industry planning.
(73) The forecast error in predicting customer churn affected customer retention strategies.
(74) The weather forecast error in predicting thunderstorms affected outdoor event planning.
(75) The government's forecast error in predicting economic growth affected policy decisions.
(76) The forecast error in estimating tourist arrivals affected hospitality industry planning.
(77) The economist's forecast error in predicting exchange rates affected international trade.
(78) The economist's forecast error in predicting interest rates affected investment decisions.
(79) The stock market experienced a downturn due to a forecast error in the economic indicators.
(80) The meteorologist's forecast error in predicting snowfall affected transportation planning.
(81) The company's forecast error in predicting customer preferences affected marketing strategies.
(82) The economist's forecast error in predicting inflation rates affected monetary policy decisions.
(83) The government's forecast error in predicting unemployment rates affected social welfare policies.
Forecast Error meaning
Forecast error refers to the discrepancy between the predicted or estimated value and the actual value of a particular variable or event. It is a crucial concept in various fields, including economics, finance, meteorology, and statistics. Understanding how to use the term "forecast error" correctly in a sentence is essential for effective communication and conveying accurate information. Here are some tips on how to incorporate this phrase into your writing:
1. Define the term: When introducing the phrase "forecast error" in a sentence, it is helpful to provide a brief definition or explanation.
For example, "Forecast error, also known as prediction error, is the variance between the projected outcome and the actual outcome of a forecasted event."
2. Contextualize the usage: To ensure clarity, it is important to provide context when using the term "forecast error." Specify the domain or field in which the forecast error is being discussed. For instance, "In financial analysis, forecast error plays a significant role in evaluating the accuracy of investment predictions."
3. Highlight the magnitude: When discussing forecast error, it can be useful to emphasize the magnitude or significance of the discrepancy.
For example, "The forecast error for the quarterly sales projections was substantial, with actual figures falling 15% below the predicted values."
4. Compare forecast error to other metrics: To provide a comprehensive understanding, you can compare forecast error to other related metrics or indicators. For instance, "While forecast error measures the deviation between predicted and actual values, mean absolute percentage error (MAPE) provides a relative measure of the forecast accuracy."
5. Discuss implications and consequences: When using the term "forecast error," it is often beneficial to discuss the implications or consequences of inaccurate predictions.
For example, "High forecast error rates can lead to significant financial losses for businesses, as they rely on accurate projections for strategic decision-making."
6. Utilize examples: Incorporating examples in your sentences can help illustrate the concept of forecast error. For instance, "The meteorological department's forecast error resulted in unexpected heavy rainfall, causing flooding in several low-lying areas."
7. Consider alternative phrases: If you find yourself repeating the term "forecast error" multiple times in a sentence or paragraph, consider using alternative phrases or synonyms to maintain readability. For instance, you can use "prediction discrepancy" or "forecast inaccuracy" interchangeably with "forecast error." Remember, using the term "forecast error" correctly in a sentence requires a clear understanding of its meaning and appropriate context. By following these tips, you can effectively incorporate this phrase into your writing and enhance your communication skills in various professional and academic settings.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Forecast Error. They do not represent the opinions of TranslateEN.com.