Forecasts & Prediction - Accurate or Simply A Joke??

[Snipeshot08]

Again for intellectual discussion only.....:p


Notice the latest spate of revised economic forcecasts??

Notice the latest state of the stock markets???

Notice that many are jumping onto the bandwagon by predicting or forecasting rise, collapse, state of stock markets, even earthquakes, tsunami (got the spam on the tsunami yet????????)

Notice that many of these "experts" seems to be wrong but nobody notices except those who managed to get it close or right..... at maybe 1 in a 100 "experts".....

What are these "Experts" looking for?? Instant fame & recognition when their predictions or forecasts hit right on the nail head??? Or simply trying to talk "up" or talk "down" the market??

What are your views gentlemen???:p

 

[Snipeshot08]

Oops I forgot to add-on this qualification.....:o

Nope I am not from Shittytimes or Nudepaper, just that got too much time on my hands thats all.......

 

[commoner]

happy happy say economy is in the golden era,,,,

then 1st to go into recession,,,,,

then say how many percent growth,,,,

then adjust as when when they feel is right,,,,,,

then say the economy bottoming out,,,,

then say who and who gets so much salary and bonus,,,,,

Na Bei,,, the CB ministers just wanna justify that they shld not be any salary cut for themselves,,,,,

see what happens in the f888ing next GE when some get voted out,,,,,

 

[pia]

If my Project Manager comes and give me a budget forecast as roller coasty as our chenghu, I would have fired him immediately. 0 to 2%, -1 to 1%, 0 to -5%, -5 to -9% all within 6 months??

How in the world million dollar salary people can be so casual with their forecasts?

 

[R4g3]

since forecast and prediction can be adjusted, i think anyone can do a forecast and make a prediction.

 

[leetahbar]

Again for intellectual discussion only.....:p


Notice the latest spate of revised economic forcecasts??

Notice the latest state of the stock markets???

Notice that many are jumping onto the bandwagon by predicting or forecasting rise, collapse, state of stock markets, even earthquakes, tsunami (got the spam on the tsunami yet????????)

Notice that many of these "experts" seems to be wrong but nobody notices except those who managed to get it close or right..... at maybe 1 in a 100 "experts".....

What are these "Experts" looking for?? Instant fame & recognition when their predictions or forecasts hit right on the nail head??? Or simply trying to talk "up" or talk "down" the market??

What are your views gentlemen???:p

majority believe in advertisement n tv commercials. hence they would believe anything.

everyone believes the old man is an immortal vampire too.:p

 

[Snipeshot08]

majority believe in advertisement n tv commercials. hence they would believe anything.

everyone believes the old man is an immortal vampire too.:p

No names was given in the UP points statement but it must be you.....

Thanks for the appreciation :p

 

[Snipeshot08]

If my Project Manager comes and give me a budget forecast as roller coasty as our chenghu, I would have fired him immediately. 0 to 2%, -1 to 1%, 0 to -5%, -5 to -9% all within 6 months??

How in the world million dollar salary people can be so casual with their forecasts?

EXACTLY bro.....

How can they be recognised as experts and specialists in their field and commanding such salaries but have seldom been right????

And than we have people trying to predict "big disasters" over few years span and than they sit tight hoping somewhere around the world something will happen (which always do happen given the size of the world) and than claiming credit for it....

 

[Snipeshot08]

since forecast and prediction can be adjusted, i think anyone can do a forecast and make a prediction.

In hokkien it is phrased as,

"chi mi quay tok chao mek"

as in "Blind Chicken peck at Grasshopper"

Sooner or later the blind chicken can get one grasshopper if there are many in abundance to peck at.....

 

[leetahbar]

No names was given in the UP points statement but it must be you.....

Thanks for the appreciation :p

48 for 10 - you win!!