A forecasting error in which the prediction falls short of the outcome. Undercasts frequently occur due to overcautious estimating by analysts who do not wish to over-estimate financial predictions. An undercast may also be caused by incorrect or misinterpreted data.
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Wikipedia encyclopedia ? Undercast. Also found in: Encyclopedia, 0.01 sec. Un` der`cast´. v. t., 1. To cast under or beneath. Want to thank TFD for its existence?
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A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces an estimation that is ...
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Mining. a crossing of two passages, as airways, dug at the same level so that one descends to pass beneath the other without any opening into it. Compare ...
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Definition of undercast: A forecasting error in which the prediction falls short of the outcome. Undercasts frequently occur due to overcautious estimating by ...
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