Quotes & Sayings About Forecast Accuracy

If you ever do have to heed a forecast, keep in mind that its accuracy degrades rapidly as you extend it through time. — Nassim Nicholas Taleb

Confidence in a forecast rises with the amount of information that goes into it. But the accuracy of the forecast stays the same. — Dean Williams

Pyscho-history dealt not with man, but with man-masses. It was the science of mobs; mobs in their billions. It could forecast reactions to stimuli with something of the accuracy that a lesser science could bring to the forecast of a rebound of a billiard ball. The reaction of one man could be forecast by no known mathematics; the reaction of a billion is something else again. — Isaac Asimov

I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I'm a strong believer in chaos theory. — Linda Bradford Raschke