The phrase "a forecast based on" is correct and usable in written English.
It can be used when discussing predictions or estimates that are derived from specific data or information.
Example: "The weather report provided a forecast based on the latest satellite imagery and meteorological data."
Alternatives: "a prediction derived from" or "an estimate grounded in".
Second, this is, as always, a forecast based on conditions today.
But a forecast based on such prescience is hard to quantify or defend publicly.
In other words, the 32 rupees a day poverty line was simply a forecast based on old consumption patterns.
If temperatures flat-line out to 2016, his model's prediction for that year will look no better than a forecast based on a series of random fluctuations.
The auto group AAA says it expects 34.4 million people to travel at least 50 miles from home this Labor Day weekend, up nearly 10 percent from 2009, a forecast based on an improved economy and lower gasoline prices.
In the fourth quarter of 2000, for example, even as Al Gore touted the economy's strength in his election campaign, a forecast based on consumer sentiment and share prices suggested a rising probability of a 2001 recession.
A more conservative forecast, based on one in five drivers paying for the technology, is that telematics will be at least a $30 billion U.S. business within 10 years.
RevTech enterprise application software converts subjective data (e.g. a sales forecast based on a sales representative's best guess as to which deals will close in a quarter) into objective data (e.g. a sales representative's forecast based on machine-learning algorithms that have scored and weighted each opportunity in the pipeline to determine which are more likely to close in a quarter).
But the share price fell 5.95 percent after FedEx offered a subdued forecast based on stable fuel prices and "a continued moderate recovery".
On Thursday, the department will release an updated forecast, based on a survey of farmers.
This is also a reason to hedge forecasts based on polling against a steadier forecast based on economic fundamentals, as our model does.
