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C.E.B.S.' test assumes G.D.P. sags 3 percentage points below current forecasts over two years.
On average, 58percenttoppeded quarterly forecasts over the past 10 years, according to Thomson.
Following Chinese manufacturing data missing forecasts over the long weekend, mining shares have come under pressure.
About 75percentt of the market's forecasts over the next three years proved better predictors of actual sales than the company's official forecasts.
To measure business momentum, Mr. Browne reviews trends in earnings forecasts over the last four months, including the number of upgrades and downgrades from analysts.
THE inaccuracy of Mr. Galvin's and Mr. Applegate's optimistic forecasts over the last three years didn't help their cause either, investors say.
Similar(20)
The results show that flow predictions using MaxEPS and MM5 precipitation forecasts over-predicted the peak flow for most of the seven events analyzed, whereas under-predicted peak flow was found using zero- and monthly average rainfall.
Moreover, some individual forecasts look over-optimistic.
Pessimists retort that such forecasts are over-spiced.
Further rises are forecast over the next 12 months.
The Conservative lead over Labour widened again in the average forecast over the past week.
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