A '''forecast''' is a statement of expected future occurrences such as events or trends. Investopedia defines forecasting as "a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends."
+
A '''forecast''' is a statement of expected future occurrences such as events or trends. Investopedia defines forecasting as "a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends."<ref>[https://www.investopedia.com/terms/f/forecasting.asp Forecasting: What It Is, How It’s Used in Business and Investing]</ref>