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ICI is not the first company to come to an end because a forecast turned out to be wrong.
Imagine if, say, a gambler could sue the sports section of this newspaper because our columnist's Super Bowl forecast turned out to be wrong.
But that forecast turned worse by the afternoon, and in any case officials urged residents all along the Gulf Coast not to focus on the projected intensity, or even the location of landfall.
That widely held forecast turned out to be wrong, however, and as the real estate market simply continued to rise, going up 20percentt in 12 months in neighborhoods like the Village and Chelsea, they found themselves looking for something bigger even as prices kept outpacing their budget.
Our 2006 forecast turned out to be a mixed bag.
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Most of the time, that forecast turns out to be true.
If that forecast turns out to be wrong, then the market is likely to suffer.
Whether his forecast turns out to be true depends on psychology at least as much as it does on economics.
The third round was played under a low ceiling of clouds, with an ominous Sunday weather forecast turning the day a deeper shade of gray.
However, this enhancement of an analyst's credibility through investors' prior exposure to his/her name is reversed when the analyst's forecast turns out to be inaccurate.
If that forecast turns out to be accurate, growth over the last two quarters will have been the slowest since the 0.1percentt pace in the first half of 1991.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com