Starting Price and Forecast price

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In the table Historic_runners data there are columns Starting Price and Forecast price?
At what time are this prices fixed? 
Do I understand correctly that Forecast price is a price that BF gives several days before the race? 
And is Starting Price the price in Exchange where the race starts and there are only in-play bets available?

asked Oct 8, 2018 in Smartform by Chingizua Plater (160 points)

1 Answer

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Starting price is the industry SP (not exchange) that is approximately the average of all starting prices being offered by bookmakers on course when any race begins.

Forecast price is a forecast or tissue based on odds compiler estimates the day before the race is run, attempting to forecast the industry SP (as defined above).
answered Oct 8, 2018 by coltest Handicapper (560 points)