Top 10 Edgar Fiedler Quotes

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Ask five economists and you'll get five different answers - six if one went to Harvard.

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

The herd instinct among forecasters makes sheep look like independent thinkers.

If you have to forecast, forecast often.

For economist the real world is often a special case.

If a proposal doesn't prove out as expected when we run it, sometimes we change the model.

Forecasting is a maddening occupation. It is always fascinating and exciting and rewarding. yet it is also regularly exasperating and infuriating, occasionally even deranging.

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

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.

If we're going to forecast the business cycle, surely it is a good idea to know the business cycle. Sounds reasonable, but it's not that easy.

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