A Quote by Yogi Berra
Forecasting is very difficult, especially when it involves the future.
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Prediction is difficult- particularly when it involves the future.
Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits.
I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.
Future forecasting is all about testing strategies - it's like a wind tunnel.
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.
This is an issue that has an exceedingly high number of threads in it. It involves race, it involves culture, it involves crime, it involves justice.
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
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.
Mysticism is the hidden way. It is the most difficult to discuss, because it involves the exploration of perceptual states which are difficult to describe in words.
Just because we go through a difficult situation, it doesn’t mean that the future is predetermined. The future is very much in our hands, in our actions.
I will be the first to say that it is always difficult to get monetary policy just right. But the Fed's analytical prowess is top-notch, and our forecasting record is second to none.
Society historically has a difficult time with the concept of something new and foreign that shakes up our comfortable views, especially if it involves the very volatile question of sexual identity.
Almost overnight, white people have gone from being very powerful to potentially irrelevant. Their future in South Africa is not what many had envisaged, so it involves a lot of reinvention.
It is fairly easy to grasp abstract moral principles; it can be very difficult to apply them to a given situation, particularly when it involves the moral character of another person.
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.
We're not very good at forecasting, and we don't know how to measure the impact of economic policy.
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