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That's far ahead of the 11 percent that analysts were forecasting at the end of 2010.
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Why, after all, would Immelt have issued that kind of forecast at the end of the trading day?
First, the rationality assumption is a good first approximation to subjects' forecasts at the end of 480 learning trials.
The content, which can be sponsored by marketers, will include video clips of local forecasts At the end of the presentation, the hosts of the event, Jim Cantore and Maria LaRosa – two of the on-camera meteorologists-cum-personalities on the Weather Channel – offered the weekend forecast for the New York area.
To continue that tradition, Apple CFO Peter Oppenheimer offered up yet another conservative forecast at the end of the release — according to him, Apple expects Q4 revenues of about $34 billion "and diluted earnings per share of about $7.65".
You can't count on it any more than you can forecast weather at the end of the century.
Forecasts released at the end of the two-day meeting show the typical member of the Federal Open Market Committee now expects not to raise rates at all this year, an abrupt halt to what had been five consecutive quarters of rate increases to the current range of 2.25 to 2.5percentt.
One of his earliest successes was in forecasting economic conditions at the end of World War II.
It also issued a full-year forecast at the high end of Wall Street's expectations.
FedEx said its full-year earnings forecast is in a range of $4.83 to $5 per share, which is ahead of analyst forecasts at the high end.
Bed Bath & Beyonds forecast for earnings of $0.77 to $0.82 in the second quarter fall short of analyst forecasts at the low end, however.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com