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In fact, there is evidence in favor of its ability to forecast turning points over the business cycle (Tayor and McNabb 2007; Ozyildirim et al. 2010).
According to the banking association's most recent economic forecast, the turning point should come in the second or third quarter of this year.
(History shows that Wall Street is typically slow to make adjustments to its forecasts at turning points).
Now, a team of researchers from Columbia University's Lamont-Doherty Earth Observatory, University of Southern California, University of California at Riverside and the U.S. Geological Survey has come up with a physics-based model that marks a turning point in earthquake forecasting.
Cohen, J., Pfeiffer, K. & Francis, J. Winter 2015/16: a turning point in ENSO-based forecasts.
Turning point?
A turning point.
turning point?
Was it a turning point?
It proved the turning point.
Is it a turning point?
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