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George Osborne's £27bn Budget giveaway two months ago was based on forecasts that may prove unreliable, the head of the independent government body that produced them has admitted.
So taking major decisions now about spending, which could have very long term and serious implications for the future of the economy, based on forecasts that may well prove wrong is a risky business.
Based on forecasts that continued to indicate that Amara would track directly over Rodrigues, the Mauritius Meteorological Services issued a "Class 3 warning" in the morning hours of December 20, describing Amara as a "real threat for Rodrigues".
And of course all this is based on forecasts that many see as hugely optimistic.
The prospects for big royalties, assuming that the university can defend its patent, is based on forecasts that sales of Cox-2 inhibitors will rise to several billion dollars a year.
The prospectus said Deutsche Bank made the loan based on forecasts that by 2012 the cash flow would have soared to $18 million a year, as market rents in New York rose rapidly while many tenants in rent-stabilized and rent-controlled apartments moved out.
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The drought outlook is based on climate forecasts that reflect the potential effects from a developing weak El Niño event in the Pacific Ocean.
These statements relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable.
With all this in mind, we decided to look for stocks that seem cheap based on forecasts from analysts who stand out from the pack by means of their comparatively low earnings forecasts.
April's budget was based on rosy forecasts that the economy would shrink by only 2% this year.
Though the the 1997-98 supEl Ninoino caused extensive damage, decision makers in California poured an extra $7.5 million into flood preparedness based on seasonal forecasts that accurately predicted it months ahead of time.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com