Google PageRank (PR) is a measure from 0 -10 of how important Google thinks a webpage is. In Google's eyes a web page with a PageRank of 10/10 is very important and a web page with a PageRank of 0/10 is not very important. If you have the Google toolbar installed on your browser then it will automatically tell you the PageRank of any webpage you are looking at, if you do not have one then you can check PageRank by visiting the following website.
Generally websites with higher PageRank will get better rankings in Google's search results. Google takes into consideration many things when it is calculating PageRank, the most important factor is the amount of quality incoming links a webpage has. Generally the more quality links a webpage has, the higher the PageRank will be, therefore you can increase PageRank by gaining more quality links.
PageRank updates about once every three months. People have come up with ways of trying to predict what your PageRank is likely to be at the next update and although no one can tell for sure the guys at Iwebtool have come up with a pretty good prediction tool.
This tool does not always get it right, and it is mainly for entertainment purposes only. However if you work hard at link building you will see your predicted PageRank increase and when the next update comes you should see your PageRank increase.
For a more in-depth analysis of PageRank, please read Phil Cravens article PageRank Explained.
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