Words matter. These are the best Forecasting Quotes from famous people such as Barry Ritholtz, Eric Maskin, Christian Scott, Edgar Fiedler, Lawrence Kudlow, and they’re great for sharing with your friends.
Forecasting is simply not a strength of the species; we are much better with tools and narrative storytelling.
Economic forecasting has actually got pretty good over the years, though admittedly, we don’t always get it right.
I came up with a ‘forecasting cell,’ which is basically a mixed intention cell or chord that is a complete hybrid of a consonance and a dissonance, and what that does when you are improvising is lead you to where you are supposed to go.
Forecasting is a maddening occupation. It is always fascinating and exciting and rewarding. yet it is also regularly exasperating and infuriating, occasionally even deranging.
Never forget this simple truism: Forecasting is marketing, plain and simple.
True enough, the Fed needs radical reforms. In particular, it needs to replace its failed forecasting models and be rid of the academics who overwhelm the Fed system.
We talk about the Internet. That comes from science. Weather forecasting. That comes from science. The main idea in all of biology is evolution. To not teach it to our young people is wrong.
The Fifties and Sixties were years of unreal optimism about weather forecasting. Newspapers and magazines were filled with hope for weather science, not just for prediction but for modification and control. Two technologies were maturing together: the digital computer and the space satellite.
The successful entrepreneurs on the free market will be the ones most adept at anticipating future business conditions. Yet, the forecasting can never be perfect, and entrepreneurs will continue to differ in the success of their judgments. If this were not so, no profits or losses would ever be made in business.
Forecasting our futures is built into our psyches because we will soon have to manage that future. We have no choice. No matter how often we fail, we can never stop trying.
The only function of economic forecasting is to make astrology look respectable.
The general public still expects a lot more forecasting accuracy than any of us can deliver.
It is important for investors to understand what they do and don’t know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.
I do believe it is important to be future-ready with a portfolio to be able to deal with however the market evolves. This is better than just forecasting accurately but in having the weapons ready to deal with the uncertainties.
And this is one way to do technology forecasting; get a sense of where technology is, and then anticipate the next upturn.
Using a forecasting company is like going to a fortune-teller. If you believe the company and the color does not sell, who do you blame? The forecasters? No, you blame yourself.
Pundits are no better at forecasting election outcomes than they would be at predicting the final path of a hurricane. Smart pundits should consider either abandoning this activity or consulting with the geeks before rendering their guesses.
There is no formula that will guarantee success in forecasting, no magic words that will part the clouds. The real problem, as the old saw puts it, is that the future lies ahead.
Ensuring the San Luis Valley’s Radar data is fully integrated into National Weather Service systems will improve weather forecasting and warnings across southern Colorado for the benefit of farmers, ranchers, tourists, first responders, water district managers, and the general population.
Forecasting Armageddon has become trendy of late, with a great deal of attention being given to an interpretation of the Mayan Calendar suggesting that Mother Earth is destined for doom in December of 2012.
The funds from the sale were put into research and general teaching budgets at the university. Wharton Econometric Forecasting Associates, Inc., is now a growing enterprise with many model and other econometric facilities.
A teacher told my mother that I would never become successful, which illustrates the difficulty of long-run forecasting on inadequate data.
We spent a lot of time trend forecasting and collaborating on ways to design a fresh line of fashion-forward, affordable luxury.
Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict.
Ways have to be found to maintain university research untramelled by requirements of forecasting application or usefulness.