based on our forecast

USAGE SUMMARY

The phrase "based on our forecast" is correct and usable in written English.
You can use it when referring to conclusions or decisions that are derived from a prediction or estimation of future events. Example: "Based on our forecast, we expect sales to increase by 20% in the next quarter."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

"We rate shares of Dell 'neutral' based on our forecast of the company's fundamentals, which relies on Dell's previous historical disclosures as a foundation," Richard Farmer, an analyst at Merrill Lynch, said in a research report.

Forbes

The PEG ratio appears to be an objective, quantitative measurement, but in fact it is somewhat subjective because we compute the P/E ratio based on our forecast of the firm’s future earnings over the next twelve months.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

Ancillary findings based on our forecasting experiments underscore the advantages of using recursive estimation strategies, and provide new evidence of the usefulness of yield and yield-spread variables in nonlinear prediction model specification.

Journal of Econometrics

The shares remain attractive on cash flow considerations given the outlook for organic expansion and the underlying free cash flow yield of 9%, based on our 2013 forecasts.

The Guardian - Business

"In the coming months, I fully expect that the N.Y.T. will begin laying down some bets based on our best forecasts of how the relationship between journalists and their audience will evolve".

The New York Times

"Based on our current shipment forecasts, we don't see the installed base of either BB or WP reaching the double-digits within the next five years," Markkanen told TechCrunch.

TechCrunch

However, Azure shows not only filtering in the absence of a connection but also stateful filtering behavior contradicting our forecasts based on our first measurements.

EURASIP Journal on Information Security

The company should be in a position to fund its next 250,000-300,000 ounce per annum mine development and pay a double-digit medium term dividend yield based on our $1300 an ounce gold forecast.

The Guardian - Business

Just as every conductor's expert interpretation of a musical score will be slightly different based upon his or her judgment, we alter our model's forecast based on our interpretation of current conditions.

Huffington Post

Edward Teather, an economist at UBS in Singapore, said in a note that Singapore's G.D.P. figures can be volatile and that some of the second-quarter increase may well be reversed in the third quarter, though he added that "based on our regional and global economic forecasts, we believe the underlying trend in the Singapore economy is one of improvement".

The New York Times

From September 2010 onwards the forecast is based on our data for the last 12 months before the recession in combination with average annual growth rates derived from the most common manufacturers' forecasts, i.e. the Airbus Global Market Forecast [1], Boeing's Current Market Outlook [3] and Rolls-Royce's Market Outlook [24].

European Transport Research Review

Expert writing Tips

Best practice

Quantify the forecast whenever possible. For example, instead of "Based on our forecast, we expect an increase in sales", say "Based on our forecast of a 15% increase in sales, we project higher revenue".

Common error

Avoid making irreversible decisions solely "based on our forecast". Always consider alternative scenarios and potential risks that the forecast may not capture. Diversify your decision-making process to include real-time data and expert opinions.

Linguistic Context

The phrase "based on our forecast" functions as a prepositional phrase that modifies a statement, indicating the foundation or justification for a claim. Ludwig confirms its correct and usable nature in written English.

Expression frequency: Rare

Frequent in

News & Media

43%

Science

34%

Formal & Business

12%

Less common in

Encyclopedias

3%

Wiki

3%

Reference

2%

Ludwig's WRAP-UP

In summary, "based on our forecast" is a grammatically correct phrase used to justify statements with predictive analysis. Ludwig AI confirms its validity. Although not frequently encountered, its use across diverse domains, especially News & Media and Science, underscores its utility in scenarios where transparency and reasoned justification are paramount. When using the phrase, clarity in detailing the forecast and acknowledging potential uncertainties are critical for bolstering credibility. Alternatives such as "according to our projections" or "given our estimation" can add nuanced emphasis to your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

according to our projections

Replaces "forecast" with "projections", emphasizing a forward-looking estimate.

following our predictions

Uses "predictions" instead of "forecast", focusing on declared expectations.

given our estimation

Substitutes "forecast" with "estimation", highlighting an approximate calculation.

considering our outlook

Replaces "forecast" with "outlook", emphasizing a broader perspective.

in light of our anticipation

Uses "anticipation" to convey a sense of expecting future events, rather than a formal forecast.

relying on our foresight

Emphasizes the ability to see into the future, replacing a methodical forecast with perceived insight.

drawing from our forecast

Highlights the act of extracting information from a forecast to form a conclusion.

based on what we foresee

Replaces the formal term "forecast" with the more conversational "what we foresee".

taking into account our prediction

Similar to "based on", but emphasizes the consideration of a prediction.

assuming our forecast is accurate

Adds a condition of accuracy to the forecast, acknowledging potential uncertainty.

FAQs

How can I use "based on our forecast" in a sentence?

Use "based on our forecast" to introduce a conclusion or decision derived from a prediction about the future. For example, "Based on our forecast, we anticipate a surge in demand during the holiday season".

What are some alternatives to saying "based on our forecast"?

Alternatives include "according to our projections", "given our estimation", or "following our predictions", each offering subtle differences in emphasis.

Is it always necessary to explicitly state "based on our forecast"?

No, explicitly stating "based on our forecast" is not always necessary. It's most useful when you want to emphasize that a decision or expectation is derived from a specific predictive analysis, adding transparency and accountability. Otherwise, the context might imply the basis for your statement.

What level of certainty should I convey when using "based on our forecast"?

When using "based on our forecast", temper your certainty with the inherent uncertainty of predictions. Acknowledge potential risks or alternative scenarios to avoid misleading stakeholders. It's best to use language that reflects a projection rather than a guaranteed outcome.