A Quote by Piers Corbyn

Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits. — © Piers Corbyn
Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits.
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.
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.
Ensuring the San Luis Valley's Radar data is fully integrated into National Weather Service systems will improve weather forecasting and warnings across southern Colorado for the benefit of farmers, ranchers, tourists, first responders, water district managers, and the general population.
We talk about the Internet. That comes from science. Weather forecasting. That comes from science. The main idea in all of biology is evolution. To not teach it to our young people is wrong.
Punditry is like weather forecasting: the winds can shift without warning. I remember when nobody would bet a McDonald's Quarter Pounder that Bill Clinton would win the White House.
I think that intelligent forecasting (company revenues, earnings, etc.) should not seek to predict what will in fact happen in the future. Its purpose ought to be to illuminate the road, to point out obstacles and potential pitfalls and so assist management to tailor events and to bend them in a desired direction. Forecasting should be used as a device to put both problems and opportunities into perspective. It is a management tool, but it can never be a substitute for strategy, nor should it ever be used as the primary basis for portfolio investment decisions.
Satellite photography in the 1970's gave rise to the long-range weather forecast, a month at a time. This in turn gave rise to the observation that the long-range weather forecast was wrong most of the time. In turn, this gave rise to the dropping of the long-range weather forecast and to the admission that really accurate forecasting could only cover the next day or two, and not always then.
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.
I believe in analysis and not forecasting.
Aside from its importance to many branches of science, a knowledge of the oceans has a practical value for mankind. The intelligent development of our fishing industries, the laying of oceanic cables, the proper construction of harbor-works, oceanic commerce and navigation, as well as long-range weather forecasting, are all dependent on an understanding of the ocean.
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.
The Federal Reserve is not currently forecasting a recession.
Forecasting is very difficult, especially when it involves the future.
The quest for certainty in forecasting outcomes can be the enemy of progress.
I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.
The only function of economic forecasting is to make astrology look respectable.
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