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The phrase "ability of forecasting" is correct and usable in written English.
It can be used when discussing someone's skill or capacity to predict future events or trends based on data or analysis.
Example: "The ability of forecasting market trends is essential for making informed business decisions."
Alternatives: "forecasting skills" or "capacity for prediction."
Exact(1)
The ability of forecasting energy prices, for instance the electricity prices, would be highly appreciated in order to improve the profitability of utility investments.
Similar(59)
The results are satisfactory both in terms of forecasting ability and in qualitative controller performance.
We've been able to get discriminating ability without the necessity of forecasting.
She said the company had shown "a lack of ability to forecast costs and to set prices appropriately and seemed to have difficulty managing costs to the degree that other companies are achieving".
By taking into account the main determinants of the genetic founder effect and the complexity of dispersal routes when modelling future distribution of species and genes, we may improve our ability to forecast effects of the ongoing climate change.
However, their research also showed no impairment of analysts' ability to forecast corporate performance, assuaging some concerns about the impact of reductions in the frequency of reporting.
It should be considered as an attempt to produce a 'state zero' of the ability to forecast the geomagnetic field, i.e., a measure of our ignorance when we have no deterministic knowledge about the core physics and only have access to statistical information.
In fact, there is evidence in favor of its ability to forecast turning points over the business cycle (Tayor and McNabb 2007; Ozyildirim et al. 2010).
If these two types of data can be integrated on a real-time or near real-time basis, new insight may be gained in terms of our ability to forecast phreatic eruptions.
For example, the following may affect the provider's ability to forecast: Understanding of its market, and cycles or trends; Forecasting algorithm chosen; Period in existence (for historical data); Accuracy of smoothing parameters; Customer churn or growth, marketing campaigns; Effective CRM management and sales process.
In a purpose of testing hypotheses about the core dynamics, this prototype method could be implemented to build the 'state zero' of the ability to forecast the geomagnetic field, by measuring what can be predicted when no deterministic physics is incorporated into the dynamical model.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com