Quotes of All Topics . Occasions . Authors
If you have to forecast, forecast often.
Never make forecasts, especially about future.
Precise forecasts masquerade as accurate ones.
No one can forecast the economy with certainty.
It is not for us to forecast the future, but to shape it.
I find my past in my present, and from these forecast my future.
The future is better dealt with using assumptions than forecasts.
The rise in world oil prices has been larger than anyone forecast.
Forecasts are difficult to make-particularly those about the future.
My one remaining professional ambition is to read the shipping forecast. I live in hope.
The Treasury has enough trouble with forecasts even when they are trying to get them right.
I believe that economists put decimal points in their forecasts to show they have a sense of humor.
Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.
I was really interested to see whether we could make predictions or forecasts by listening in on what people were saying on social media.
I have spent too long being able to manipulate the answers I want from market research to rely upon its findings any more than I do weather forecasts.
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.
Trying to keep up with health advice can feel like surfing the Net for weather forecasts: what you find is always changing, often contradictory and rarely encouraging.
Forecasts have been fundamental to mankind's journey from a small tribe on the African savannah to a species that can sling objects across the solar system with extreme precision.
All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal funds rate.
During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers.
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.
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.
The affairs of this world are so shifting and depend on so many accidents, that it is hard to form any judgment concerning the future; nay, we see from experience that the forecasts even of the wise almost always turn out false.
Even as our unwitting alterations to Earth's carbon and hydrological cycles slowly make storms more damaging, our ability to monitor our planet from space and make reliable short-term forecasts have equipped us enormously to withstand them.
It is almost possible to predict one or two days in advance, within a rather broad range of probability, what the weather is going to be; it is even thought that it will not be impossible to publish daily forecasts, which would be very useful to soci.
Like so many free trade deals before and since, Nafta was sold as a massive opportunity for working people and their prospects. Forecasts spoke of hundreds of thousands of new jobs in all three countries. The reality could not have been more different.
I have been fighting climate change for two decades, and people often ask me how I remain hopeful in the face of extreme weather and grim forecasts. The answer is simple: I see countless solutions spreading across the nation and across the world. But we need more investment.
Our European neighbours in France have invested in their infrastructure early and are now reaping the rewards later. This is because wherever high-speed rail has been built between the major cities and economic centres of a country - as in HS2 - it has exceeded demand forecasts.
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.
There are good waves not that far from Manhattan - on Long Island, in north Jersey. It's true that the best surf around here tends to happen in winter, so you need a good wetsuit, and the time window of good waves is often pretty short, so you have to stay on top of the forecasts.
As more and more Americans spend their earliest hours scrolling through news alerts and weather forecasts on their smartphones and tablets, morning shows have to adapt, too. And their biggest competitive advantage may be that, unlike an iPhone, they offer some form of companionship.
We might be more inclined to think about the longer term if we were more aware of what is happening around us. Perhaps daily weather forecasts could include a few basic facts about the Earth's vital signs or details of where climate change is increasing the likelihood of damaging weather?
Until the 20th century, medicine was more like politics than physics. Its forecasts were often bogus and its record grim. In the 1920s, statisticians invaded medicine and devised randomised controlled trials. Doctors, hating the challenge to their prestige, resisted but lost. Evidence-based medicine became routine and saved millions of lives.
Meteorologists don't use a script, and most create their own graphics and certainly put together their own forecasts. Most of us went to school to become scientists - at least I did - and studied thermodynamics, physics, and tons of calculus to take this young science to the next level. Our accuracy is amazing and will only continue to improve.
For physical goods, there are costs associated with logistics and lead times, owing to inventories and poor forecasts of the market. With digital capital-intensive technology, however, production will inevitably move toward the final market, wherever it is. This re-localization constitutes a major shift in the structure of global supply networks.