Top 10 Forecasts Quotes
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I believe that economists put decimal points in their forecasts to show they have a sense of humor.
We might be more inclined to think about the longer term if we were more aware of what is happening around us. Perhaps daily weather forecasts could include a few basic facts about the Earth's vital signs or details of where climate change is increasing the likelihood of damaging weather?
Hold on to your dream. Don't let past failures or dire economic forecasts make you a pessimist. Keep your youthful dreams alive and create your own opportunities.
The Treasury has enough trouble with forecasts even when they are trying to get them right.
For physical goods, there are costs associated with logistics and lead times, owing to inventories and poor forecasts of the market. With digital capital-intensive technology, however, production will inevitably move toward the final market, wherever it is. This re-localization constitutes a major shift in the structure of global supply networks.
During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers.
All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal funds rate.
The affairs of this world are so shifting and depend on so many accidents, that it is hard to form any judgment concerning the future; nay, we see from experience that the forecasts even of the wise almost always turn out false.
Even as our unwitting alterations to Earth's carbon and hydrological cycles slowly make storms more damaging, our ability to monitor our planet from space and make reliable short-term forecasts have equipped us enormously to withstand them.
A potentially useful property of forecasts based on cointegration is that when extended some way ahead, the forecasts of the two series will form a constant ratio, as is expected by some asymptotic economic theory.
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