- A forecasting error that occurs when estimating volumes of items such as future cash flows, performance levels or production. Overcasting produces an estimation that is above the realized value.
Overcasting is caused by a variety of forecasting factors. The main factor that results in overcasting is using the wrong inputs. For example, when estimating the net income of a company for next year, you may overcast the amount if you underestimate costs or overestimate sales.
Investment dictionary. Academic. 2012.
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overcast — (adj.) 1560s, originally pp. of verb overcast (late 13c.), to cover, to overspread as with a garment, usually of weather, from OVER (Cf. over) + CAST (Cf. cast) (q.v.). Earliest sense of the verb (early 13c.) was to overthrow … Etymology dictionary
overcast — ► ADJECTIVE 1) cloudy; dull. 2) edged with stitching to prevent fraying. ► VERB (past and past part. overcast) ▪ stitch over (a raw edge) to prevent fraying … English terms dictionary
overcast — [ō′vər kast΄; ] for v., also [ ō΄vər kast′] n. a covering, esp. of clouds adj. 1. cloudy; dark: said of the sky or weather 2. Sewing made with overcasting vt., vi. overcast, overcasting 1. to overcloud; darken … English World dictionary
overcast — o ver*cast , a. 1. (Meteorology) Completely or almost completely covered over with clouds; of the sky. [PJC] 2. (Sewing) Sewn by overcasting. [PJC] … The Collaborative International Dictionary of English
overcast — index obnubilate, obscure Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
overcast — [adj] cloudy, darkened clouded, clouded over, dark, dismal, dreary, dull, gray, hazy, leaden, lowering, murky, nebulous, not clear, not fair, oppressive, somber, sunless, threatening; concept 525 Ant. bright, clear, sunny … New thesaurus
Overcast — For other uses, see Overcast (disambiguation). A completely overcast sky Overcast or overcast weather, as defined by the World Meteorological Organization, is the meteorological condition of clouds obscuring all of the sky. … Wikipedia
Overcast — V2 auf der Startrampe in White Sands Die Operation Overcast (engl. overcast = bewölkt, wolkenverhangen) war ein militärisches Geheimprojekt der USA aus dem Jahr 1945, um nach der Niederlage des Deutschen Reiches im Zweiten Weltkrieg deutsche… … Deutsch Wikipedia