Forecast period (finance)

In corporate finance, in the context of discounted cash flow valuation, the forecast period is the time period during which explicitly forecast, individual yearly cash flows are input to the valuation-formula. Cash flows after the forecast period are represented by a fixed number - the "terminal value" - determined using assumptions relating to the sustainable compound annual growth rate or exit multiple.

Source: Wikipedia — Forecast period (finance) (CC BY-SA 4.0)