Quotes About Forecasting

One of the main secrets of success is the ability to foresee the situation a few steps forward.

There is little chance that meteorologists can solve the mysteries of weather until they gain an understanding of the mutual attraction of rain and weekends.

Entire populations of market strategists, fund managers, and economists are employed to try and intuit for clients which securities to bet on for the best possible return each year - or quarter.

The general public still expects a lot more forecasting accuracy than any of us can deliver.

He who lives by the crystal ball soon learns to eat ground glass.

It is always wise to look ahead, but difficult to look further than you can see.

and to foresee things a long way off

We are perhaps not far removed from the time when we shall be able to submit the bulk of chemical phenomena to calculation.

Nate Silver is now forecasting Oscar winners. The only area of life in which he has no expertise, ironically, is life itself.

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

There are two kinds of forecasters: those who don't know, and those who don't know they don't know.

In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

Successful investing is anticipating the anticipations of others

There is a danger of expecting the results of the future to be predicted from the past.

I don't pretend that I can predict the future value of the growth rate or rate of return.

I never predict freight rates; nobody can do that.

You mustn't take what I say as gospel because no one can second-guess the future.

There is no formula that will guarantee success in forecasting, no magic words that will part the clouds. The real problem, as the old saw puts it, is that the future lies ahead.

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

When I was doing local weather full time, I would wake up in the morning or stay up all night to make sure the snowflakes started at the time that I said they would.

None of these seasoned investment professionals could have predicted what would happen next.

His only weakness was the habit of prophesying war within the next fortnight. George Bernard Shaw

It is important to recognise near- and medium-term risks to the inflation outlook.

What happened in the past can help you know what's going to happen in the future. That insight brings a next level of intelligence not just to sales and marketing but to ERP, where you can save more money in procurement or figure out whether the people you recruit are going to be successful in your organization.