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"I don't think they had a good basis for their forecasts," Professor Prescott said.
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But the open-minded may indeed find some consolation there not to mention a better basis for their economic forecasts.Demand or supply?A first question is whether Japan's downturn is due to deep structural defects or merely to inadequate demand.
Most futures institutes rely on qualitative methods for their forecasts.
I have re-read the article many times and I am still not certain of the basis of their forecast.
What is the basis for their hatred?
They have some basis for their fears.
There was a basis for their skepticism.
The salesmen's reports on what they expect to sell are the main basis for sales forecasts and production planning.
Treasury will use the national accounts as a basis for its forecasts for the mid-year budget which the treasurer, Scott Morrison, will release on 19 December.
If the semi-final results of the Asian Cup constituted your sole basis for making forecasts, you might be tempted to issue warnings before tomorrow's final of a storm of Australian gloating.
What's changed is that our understanding and ability to predict of some of the phenomena and climate drivers, such as the Madden–Julian Oscillation, in this range has gotten much better, so we now have a scientific basis for making forecasts in this range.
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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