Quotes About Forecasting

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.

Women, as most susceptible, are the best index of the coming hour.

We need to make sure we are constantly staying ahead, thinking about what is coming.

In fair weather prepare for foul.

Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.

You no longer have much in the way of knowing what to do in a big, epic novel about the future, because nobody knows what the hell is going to happen.

You have to think ahead, the next move, the next move, the next move, to see where it's all going to lead.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

From now on, depressions will be scientifically created.

No one has a sorrier lot than the weatherman. He is ignored when he is right, but execrated when he is wrong.

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.

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.

I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.

Through meteorology, we know essentially how hurricanes form, even though we can't say where the next storm will arise.

The head of the hurricane research division, Hugh Willoughby, told me that hurricanologists can predict the behavior of storms if those storms behave predictably.

There are domains in which expertise is not possible. Stock picking is a good example. And in long-term political strategic forecasting, it's been shown that experts are just not better than a dice-throwing monkey.

The books Superforecasting (by Philip E. Tetlock and Dan Gardner) and How to Measure Anything (by Douglas W. Hubbard) have some good advice on how to improve your ability to make accurate predictions. And Decisive (by Chip Heath and Dan Heath) explains four of the biggest judgment errors (like framing your decision too narrowly, or letting temporary emotions cloud your judgment) and gives tips for combating them.

If you have to forecast, forecast often.

The only function of economic forecasting is to make astrology look respectable.

Nobody knows anything...... Not one person in the entire motion picture field knows for a certainty what's going to work. Every time out it's a guess and, if you're lucky, an educated one.

Entrepreneurs don't seem to believe that forecasting is worth the bother: One survey found that 60% of Inc. 500 CEOs had not even written business plans before launching their companies. To

prospective hindsight" to work backward from a certain future—they are better at generating explanations for why the event might happen.

And this is one way to do technology forecasting get a sense of where technology is, and then anticipate the next upturn.

Nvidia discovered a vast new market for parallel processing, from computational chemistry to weather forecasting.