different between backtesting vs forecasting

backtesting

English

Etymology

back +? testing

Noun

backtesting (uncountable)

  1. The process of testing a strategy, model etc. using data from a previous time

Anagrams

  • backsetting, setting back

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forecasting

English

Etymology 1

From forecast +? -ing.

Verb

forecasting

  1. present participle of forecast

Etymology 2

From Middle English forcastyng, forcastynge, equivalent to forecast +? -ing.

Noun

forecasting (plural forecastings)

  1. A forecast or prediction.
    • 1852, The Dublin University Magazine (page 66)
      There were sneers, and scoffs, and inuendoes of some; prophecies of failure in a hundred ways; forecastings of non-completion, forecastings of swift dissolution and crashing ruin []

forecasting From the web:

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  • how to do forecasting analysis
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