Forecasting Quotes

“Consumer prices are likely to be on a moderate uptrend.”

“It is often said that a forecast is only as good as the assumptions on which it is based.”

“A forecast is not a prophecy; it is a statement of what is most likely to happen.”

“The risks are on the downside.”

“The essence of rational expectations is that people use all the information available to them to make forecasts about the future.”

“The only function of economic forecasting is to make astrology look respectable.”

“Forecasting is the art of saying what will happen, and then explaining why it didn't.”

“The economy is moving in line with the scenario we projected in April.”

“I'm always a little bit cautious about projections because they have such a high error rate.”

“The Federal Reserve is not currently forecasting a recession.”

“If you have to forecast, forecast often.”

“The computer is only a tool. It's still the forecaster who has to make the final decision.”

“We simply cannot forecast interest rates. We have a lot of fun trying, but we can't do it.”

“My weather forecasts are far more accurate than the Met Office.”

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

“Earlier on today, apparently, a woman rang the BBC and said she heard there was a hurricane on the way... well, if you're watching, don't worry, there isn't!”