Exact(3)
And there are no consistently good macroeconomic forecasters -- only bad forecasters who get lucky.
Of course, economists are notoriously bad forecasters.
Alboher: You talk about the idea that we are bad forecasters of how we'll feel in the future and that seems like it might explain why old age can be a lot harder for those caring for an elderly person than the elderly person herself.
Similar(57)
The prices of oil for delivery in future months, which have been lower than the current-month price, have also been a bad forecaster.
The latest bad news: forecasters were predicting record heat in Los Angeles on race day, approaching ninety degrees.
The extent of the severe weather on Saturday, April 13, wasn't quite as bad as forecasters had initially feared given the extremely favorable dynamics across parts of Louisiana and Mississippi.
Last week, Coulter demonstrated the pretzel-logic necessary for the survival of the bad faith forecaster.
In spite of the string of bad news, some forecasters still expect global IT spending to grow this year, at least when you allow for currency fluctuations.
And there was more bad news from forecasters: Another bout of perilous weather was coming, a northeaster that was expected to send gusts of up to 60 miles an hour between the Delmarva Peninsula and Long Island by Wednesday afternoon, along with sleet, snow and rain to parts of the metropolitan region.
Although Mr. Tetlock's expert forecasters were bad on the whole, some were considerably less bad than others.
At this point, gather yourself, breathe and resist the urge to conclude or tweet that forecasters are bad and getting worse.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com