Top 40 Forecast Quotes

My youth held little forecast of a career in biomedical research. I was born on February 22, 1936, in York, Pennsylvania, and spent my childhood in a rural area on the west bank of the Susquehanna River.

We really can’t forecast all that well, and yet we pretend that we can, but we really can’t.

Forecasts vary in horizon, from a few seconds up to a few days in financial markets, compared to from one to several months for macro variables. We have to provide uncertainty intervals around the central forecasts to indicate the extent to which we are unclear about the future.

Whenever I see a forecast written out to two decimal places, I cannot help but wonder if there is a misunderstanding of the limitations of the data, and an illusion of precision.

Hold on to your dream. Don’t let past failures or dire economic forecasts make you a pessimist. Keep your youthful dreams alive and create your own opportunities.

If you have reason to think that yesterday’s forecast went wrong, there is no glory in sticking to it.

In 2009, it was forecast that the number of single-person households would increase by two million in 10 years, suggesting that social isolation will only get worse.

No one can escape the iron rule that once you make a forecast, you know you’re going to be wrong; you just don’t know when and in which direction!

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don’t expect dentists to be able to forecast how many teeth you’ll have when you’re 80. You expect them to give good advice and fix problems.

Entrepreneurs can’t forecast accurately, because they are trying something fundamentally new. So they will often be laughably behind plan – and on the brink of success.

Added to the rooster of courses, ‘Tiger Woods 10’ adds in seven new courses from the pristine Bethpage Black, home of this year’s U.S. Open, to the legendary Pinehurst. The Wii Weather Channel will even adjust the forecast to match the fairway because sometimes even the pros have to play in the rain.

The key to making a good forecast is not in limiting yourself to quantitative information.

You will enjoy the TV and radio forecast much more if you stop taking it as advice and simply treat it as a short poem about the weather.

We futurists have a magic button. We follow every statement about a failed forecast with ‘yet.’

The most reliable way to forecast the future is to try to understand the present.

No one can forecast the economy with certainty.

The only way to predict if there’s a cloud on your horizon due to glaucoma is to get tested. No matter what the diagnosis, the forecast is for clear vision in the years ahead.

I was really interested to see whether we could make predictions or forecasts by listening in on what people were saying on social media.

Because of the rate of technology change, forecast horizons are shrinking.

I try not to forecast the future and look down the road as far as my wrestling, because it’s there. All I have to do is walk in a ring and light up the crowd.

When I ran a small IT services business in the 1990s, it had strong recurring revenues – yet I couldn’t accurately forecast cash flow for even the next few quarters. Small changes in the customer base or losing/hiring a few key employees could create massive swings in cash flow.

A judge sworn to decide impartially can offer no forecasts, no hints, for that would show not only disregard for the specifics of the particular case, it would display disdain for the entire judicial process.

Weather forecast for Jupiter’s South Equatorial Belt: cloudy with a chance of ammonia.

You don’t want to influence the same system you are trying to forecast.

A potentially useful property of forecasts based on cointegration is that when extended some way ahead, the forecasts of the two series will form a constant ratio, as is expected by some asymptotic economic theory.

One thing I’ve noticed about history – you can search on newspapers going back hundreds of years, search for ‘economic forecast,’ you don’t find it. It would be very rare to find it.

I’ve learned to not forecast anything beyond the year, because when I went to Stanford, I originally wanted to be an orthopedic surgeon. So it’s just hilarious to look back at all of the things I wanted to do.

I often find myself listening to the ‘Shipping Forecast’ on Radio 4. At first, I am usually wondering what time it is, but then, because often I’m on the other side of the bed and I can’t be bothered to turn it off, I just listen and it becomes very relaxing.

I think most people think that a spiritual path or growing spiritually means that all of a sudden you’ll be able to forecast the six lotto numbers and all your bills will be paid.

Sales teams use social media to generate leads and track clients as they move through the sales funnel. Operations and distribution teams forecast supply chains, while research and development squads brainstorm product ideas.

It is indeed true that the stock market can forecast the business cycle.

Would you bet your paycheck on a weather forecast for tomorrow? If not, then why should this country bet billions on global warming predictions that have even less foundation?

I never understand why ‘economist makes forecast’ is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury – a forecast is still not news.

Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.

The rise in world oil prices has been larger than anyone forecast.

You don’t need to know this – but here goes: due to some acquired infantilism, I feel compelled to fall asleep listening to the radio. On a good night, I’ll push the frail barque of my psyche off into the waters of Lethe accompanied by the midnight newsreader – on a bad one, it’s the shipping forecast.

People like to be moved, that’s why they’re here listening to you instead of sitting at home with the Shipping Forecast.

When you fall short of your internal forecast, two things happen: Costs go up as a percentage of sales, and margins go down.

I do not forecast playing until 38 or 39.

I believe that economists put decimal points in their forecasts to show they have a sense of humor.