Best Forecasting Quotes & Sayings

Forecasting is simply not a strength of the species; we are much better with tools and narrative storytelling. — Barry Ritholtz

There is no way that we can predict the weather six months ahead beyond giving the seasonal average — Stephen Hawking

Forecasting is very difficult, especially when it involves the future. — Yogi Berra

Auto repair, piloting, skiing, perhaps even management: these are skills that yield to application, hard work, and native talent. But forecasting an uncertain future and deciding the best course of action in the face of that future are much less likely to do so. And much of what we've seen so far suggests that a large group of diverse individuals will come up with better and more robust forecasts and make more intelligent decisions than even the most skilled "decision maker." — James Surowiecki

The successful entrepreneurs on the free market will be the ones most adept at anticipating future business conditions. Yet, the forecasting can never be perfect, and entrepreneurs will continue to differ in the success of their judgments. If this were not so, no profits or losses would ever be made in business. — Murray Rothbard

Later I learned to improve my forecasting - if necessary by asking the visitor in advance what subjects he intended to raise with Nixon. In — Henry Kissinger

The only thing I cannot predict is the future — Amit Trivedi

Expert estimates of probability are often off by factors of hundreds or
thousands. [ ... ] I used to be annoyed when the margin of error was high in
a forecasting model that I might put together. Now I view it as perhaps the
single most important piece of information that a forecaster provides. When
we publish a forecast on FiveThirtyEight, I go to great lengths to document
the uncertainty attached to it, even if the uncertainty is sufficiently
large that the forecast won't make for punchy headlines. — Nate Silver

Oh, really? Do you wake up heaving from bloody dreams that
promise destruction like some crazy street guy forecasting the
Apocalypse? Did you slam a door in your dad's face hours before he died?
Does everyone, cops included, think you're a pestering loon 'cause
'accident' doesn't sit right with you, nor the many other freakouts, like
the car that keeps showing up on your street, with someone sitting in it,
doing like, nothing? No? Oh no? Didn't think so. Life sucks for everyone.
Jump or deal with it. — Courtney Vail

Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making. — Nassim Nicholas Taleb

In all sorts of markets - music, film, art, and politics - the future of popularity will be harder to predict as the broadcast power of radio and television democratizes and the channels of exposure grow.... The gatekeepers had their day. Now there are simply too many gates to keep. — Derek Thompson

Science is the key to our future, and if you don't believe in science, then you're holding everybody back. And it's fine if you as an adult want to run around pretending or claiming that you don't believe in evolution, but if we educate a generation of people who don't believe in science, that's a recipe for disaster. 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. — Bill Nye

I believe in analysis and not forecasting. — Nicolas Darvas

When we advance more confident claims and they fail to come to fruition, this constitutes much more powerful evidence against our hypothesis. We can't really blame anyone for losing faith when this occurs — Nate Silver

Computer modelling for weather forecasting, and indeed for climate forecasting, has reached its limits. — Piers Corbyn

Weatherman says," Kev scoffed. "I wouldn't trust that silly bugger to know it's raining now. — Ransom Riggs