Forecasting Quotes
Forecasting Quote of the day
The trouble with weather forecasting is that it's right too often for us to ignore it and wrong too often for us to rely on it.
Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.
The goal of forecasting is not to predict the future but to tell you what you need to know to take meaningful action in the present
The only function of economic forecasting is to make astrology look respectable.
Don't be forecasting evil unless it is what you can guard against. Anxiety is good for nothing if we can't turn it into a defense.
Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits.
I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.
If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what's going to happen to the stock market.
Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.
I'm an economist, I do a lot of forecasting, and I'm probably one of the most successful forecasters in terms of very specific kinds of forecasts.
Nate Silver is now forecasting Oscar winners. The only area of life in which he has no expertise, ironically, is life itself.
The only thing I cannot predict is the future
Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a field like economics where the data is so noisy.