DEFINITION
Cost Forecasting
LLM Cost Forecasting
Definition
The practice of predicting future LLM spending based on historical token usage patterns, model rates, and agent behavior. Enables teams to anticipate costs and set budget caps to prevent runaway spending.
Examples in the Wild
- Example 1:Torrix forecasting monthly LLM costs based on daily usage
- Example 2:Hard budget caps preventing agent overspending
- Example 3:Per-model cost tracking and optimization