Quotes About Forecasting

Buying ahead of requirements does not pay. Any wins are negated later down the line.

Later I learned to improve my forecasting—if necessary by asking the visitor in advance what subjects he intended to raise with Nixon. In

Big data is mostly about taking numbers and using those numbers to make predictions about the future. The bigger the data set you have, the more accurate the predictions about the future will be.

Unless you are a fortune-teller, long-term business planning is a fantasy

Before you start trying to work out which direction the property market is headed, you should be aware that there are markets within markets.

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.

Journalism has become the art of "intelligent anticipation of events."

Predicting recessions is indeed a dark art, but I think we are several years away from the next one.

There is no denying the lesson these numbers teach us. The future is going to be expensive.

At Honeywell, we asked business leaders to think not just about the next five years when they presented strategic plans, as they traditionally did, but also to craft the following fiscal year's plan.

When shall we three meet again, in thunder, lightning, or in rain?

A politician needs the ability to foretell what is going to happen tomorrow, next week, next month, and next year. And to have the ability afterwards to explain why it didn't happen.

We tend to assume linearity: that tomorrow will be like yesterday; that next week will resemble last week; next year be like last year, and so on. Linear extrapolations, however, can be blinders.

a two-word formulation for the miraculous ability of pundits to deduce that a past event had been inevitable: "retrospective clairvoyance.

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.

My partner, Jeff Ullrich, and I always thought Earwolf was going to be big. There were a couple of studies before we launched saying podcasts were going to really grow. But I remember so many conversations at the beginning where people would say, 'How are you going to make money with this?'

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

la función principal de un líder: la capacidad de predecir.

This a bit like forecasting the weather a year ahead. Actually, it's not a bit like that. It's exactly like that.

I'm not in the business of reading tea leaves. I don't have a crystal ball.

The more unpredictable the world is the more we rely on predictions.

The Commanding General is well aware that the forecasts are no good. However, he needs them for planning purposes.

Prognostics do not always prove prophecies—at least the wisest prophets make sure of the event first.

Since the world (and the United States) "went off gold," the money supply has been regulated by men in place of the metal. Money supply, therefore, has become a master key of economic forecasting.