Prognostication is often used in discussions about the future, especially in scientific, economic, or technical fields. His prognostication on the company's growth was backed by thorough market analysis.
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Not Always Scientific
It can also refer to less formal predictions, like guessing outcomes of games or events. Fans made joyful prognostications about their team winning.
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Can Imply Expertise
Prognostication usually suggests the person making the prediction has some expertise or special knowledge. The economist’s prognostication was highly valued at the conference.