misforecast meaning: definition, etymology and quotations

misforecast

verb

/mɪsˈfɔː(ɹ)kæst/ · /mɪsˈfɔː(ɹ)kɑːst/

Etymology From mis- + forecast.

To forecast incorrectly; to make an erroneous prediction.

Maybe she ordered too many, or misforecast and picked wrong colors, or woke up to find that trend she hopped on changed overnight and she's stuck with an order that won't sell anywhere at any price.1999, Barbara Jaye Wilson, Capped Off, page 81:
Are any elections misforecast? Yes, the elections of 1960 and 1968 are misforecast.2008, Brad Lockerbie, Do Voters Look to the Future?: Economics and Elections, page 117:

1 more example

In the more general case, the agent may misforecast demand and consequently view the tradeoff between a higher co-pay and a lower premium as being more or less favorable than it actually is.2019, Amitbh Chandra, Benjamin Handel, Joshua Schwartzstein, “Behavioral economics and health-care markets”, in B. Doublas Bernheim, Stefano DellaVigna, David Laibson, editors, Handbook of Behavioral Economics, page 492:

noun

Etymology From mis- + forecast.

The act of misforecasting.

He offered his plans for revision to the authorities, but the adoption of his ideas was unfortunately postponed because of his misforecast of the solar eclipse of June 1675 .1964, Monumenta Nipponica, page 300:
Energy overpayments result primarily from the misforecast of oil prices.1988, Joint CEC/CPUC Hearings on Excess Generating Capacity: (SB 1970), page 55:

2 more examples

The numbers can be roughly interpreted as the degree of misforecast of the level of aggregate demand.1991, Kazuo Ueda, Japanese Monetary Policy During 1970-1990: Rules Or Discretion?, page 3:
Average task completion time (in seconds) versus the probability of sample misforecast for different number of misforecasts (k) and ratio of human and robot operational capabilities (f human /f robot ).2020, Muhammad Maaz Rehan, Mubashir Husain Rehmani, Blockchain-enabled Fog and Edge Computing:

The result of misforecasting; misprediction.

The misforecast of 7.25 million crudely equals the total population of North and South Carolina, or New York (1970 censu ), or Austria.1978, National Center for Productivity and Quality of Working Life, The Future of Productivity: Report of a National Conference, page 122:
If you misforecast right now's load you really inject x plus or minus the amount of the misforecast.1995, Energy Modeling, page 3:

1 more example

We use the actual misforecast instead of the actual change in the spot rate because the speculator invests in deposits according to the forward premium.1998, Quarterly Journal of Business and Economics, page 58: