forecasts

“Economically speaking, actual results regularly come out quite far away from even pretty near-term forecasts, which is one reason why asking economists (or journalists, for that matter) to predict when we're going to come out of recession is an exercise in futility.”

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“Moreover, the chance of further releases is now another price-capping wild card for near-term forecasts, alongside OPEC infighting, Chinese monetary tightening and Greek solvency.”

The Wall Street Journal: A Coalition Strike on Oil Prices

“AMSTERDAM— Royal Philips Electronics NV said Tuesday it plans to cut a further €300 million $410.4 million in costs as it confirmed its mid-term forecasts, despite the cooling global economy.”

The Wall Street Journal: Philips Steps Up Cost Cuts

“Lenny traces problems of how we handle uncertaintly in forecasts all the way back to Fitzroy, who coined the term ‘forecast’ back in 1862.”

AGU Day 3 part C: How good are predictions from climate models? | Serendipity

“The Fed, he said, "One, gives too much weight to short-term forecasts; two, never discusses the medium-term consequences of its decisions; and three, ignores without any discussion warnings such as those that others tried to bring up.”

The Wall Street Journal: Little Alarm Shown at Fed At Dawn of Housing Bust

“The central bank will publish its latest medium-term forecasts for growth and inflation on May 11.”

The Wall Street Journal: U.K. Private Sector Slows Sharply

“Behind some of the gloomy longer-term forecasts, however, is a growing realization that the most painful defense cuts probably will be delayed, at least until a new team of Pentagon leaders—including incoming U.S. Defense Secretary Leon Panetta, whom the Senate confirmed on Tuesday—finishes a strategic review and reassesses spending plans.”

The Wall Street Journal: Defense Sector Sees Delayed Outlay Cuts

“A key risk to long-term forecasts and the defensive perception of Roche's future cash flows, however, remains competition to super-selling cancer drugs Rituxan and Herceptin this year and onwards.”

The Wall Street Journal: Roche Upbeat on Outlook as Profit Rises

“Short-term forecasts, including theirs, are subject to large errors.”

The Wall Street Journal: The Folly of Economic Short-Termism