Forecasting Quotes

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

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

“The risks are on the downside.”

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

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

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

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

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

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

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

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

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

“If you have to forecast, forecast often.”

“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!”

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

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