Quotes About Forecasting

#1. Ways have to be found to maintain university research untramelled by requirements of forecasting application or usefulness.

John Vane

#2. Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits.

Piers Corbyn

#3. Economic forecasting has actually got pretty good over the years, though admittedly, we don't always get it right.

Eric Maskin

#4. I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news.

Tim Harford

#5. 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.

Patrick Young

#6. 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.

Lawrence R. Klein

#7. A teacher told my mother that I would never become successful, which illustrates the difficulty of long-run forecasting on inadequate data.

Clive Granger

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

Chris Anderson

#9. A forecasting game is a kind of simulation, a kind of scenario, a kind of teleconference, a kind of artifact from the future - and more - that enlists the participants as 'first-person forecasters.'

Howard Rheingold

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

Henry Kissinger

#11. The quest for certainty in forecasting outcomes can be the enemy of progress.

Nate Silver

#12. It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

Barry Ritholtz

#13. 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.

Daniel Kahneman

#14. Forecasting our futures is built into our psyches because we will soon have to manage that future. We have no choice. No matter how often we fail, we can never stop trying.

Alan Greenspan

#15. The Fifties and Sixties were years of unreal optimism about weather forecasting. Newspapers and magazines were filled with hope for weather science, not just for prediction but for modification and control. Two technologies were maturing together: the digital computer and the space satellite.

James Gleick

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

John Kenneth Galbraith

#17. Don't understand? is, simply, work on the undesirable states of f(x). It is often easier to modify f(x) than to get better knowledge of x. (In other words, robustification rather than forecasting Black Swans.) Example: If I buy an insurance on

Nassim Nicholas Taleb

#18. Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.

John Maynard Keynes

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

Peter Lynch

#20. Forecasting Armageddon has become trendy of late, with a great deal of attention being given to an interpretation of the Mayan Calendar suggesting that Mother Earth is destined for doom in December of 2012.

Seth Shostak

#21. Whenever you try to pick market tops and bottoms, you are making a prediction. Guessing what stock is going to outperform the market is forecasting, as is selling a stock for no apparent reason. Indeed, nearly all capital decisions made by most people are unconscious predictions.

Barry Ritholtz

#22. The Federal Reserve is not currently forecasting a recession.

Ben Bernanke

#23. Forecasting is very difficult, especially when it involves the future.

Yogi Berra

#24. The goal of forecasting is not to predict the future but to tell you what you need to know to take meaningful action in the present

Paul Saffo

#25. Forecasting is simply not a strength of the species; we are much better with tools and narrative storytelling.

Barry Ritholtz

#26. What a well-designed forecasting system can do is sort out which statistics are relatively more susceptible to luck; batting average, for instance, is more erratic than home runs.

Nate Silver

#27. I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank's name on business television is to hire a guy called a Chief Economist who will go and prognosticate.

Tim Harford

#28. We spent a lot of time trend forecasting and collaborating on ways to design a fresh line of fashion-forward, affordable luxury.

Kourtney Kardashian

#29. Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.

Nassim Nicholas Taleb

#30. Never forget this simple truism: Forecasting is marketing, plain and simple.

Barry Ritholtz

#31. Using a forecasting company is like going to a fortune-teller. If you believe the company and the color does not sell, who do you blame? The forecasters? No, you blame yourself.

Tadashi Shoji

#32. I came up with a 'forecasting cell,' which is basically a mixed intention cell or chord that is a complete hybrid of a consonance and a dissonance, and what that does when you are improvising is lead you to where you are supposed to go.

Christian Scott

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

Norman Chad

#34. Future forecasting is all about testing strategies - it's like a wind tunnel.

Jamais Cascio

#35. I believe in analysis and not forecasting.

Nicolas Darvas

#36. Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a field like economics where the data is so noisy.

Nate Silver

#37. When we advance more confident claims and they fail to come to fruition, this constitutes much more powerful evidence against our hypothesis. We can't really blame anyone for losing faith when this occurs

Nate Silver

#38. Weatherman says," Kev scoffed. "I wouldn't trust that silly bugger to know it's raining now.

Ransom Riggs

#39. I have seen the future and it's like the present, only longer.

Dan Quisenberry

#40. There is no way that we can predict the weather six months ahead beyond giving the seasonal average

Stephen Hawking

#41. In all sorts of markets - music, film, art, and politics - the future of popularity will be harder to predict as the broadcast power of radio and television democratizes and the channels of exposure grow.... The gatekeepers had their day. Now there are simply too many gates to keep.

Derek Thompson

#42. The only thing I cannot predict is the future

Amit Trivedi

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

John Kenneth Galbraith