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And nearly 25 years on, those forecasts would have underestimated the demand".
Administration officials who offered dissenting views or pessimistic forecasts would have had to be heard rather than silenced or fired.
Acting on those forecasts would have left a business going full steam ahead when the bottom fell out, and idling while the economy was burning rubber.
The forecasts would have been much more stable and much more accurate had I left the adjustment in — or for that matter, simply ignored the polling conducted during this period entirely.
Mr. Rothschild wrote, however, that Intrade's forecasts would have outperformed FiveThirtyEight's had they been corrected to adjust for the market's tendency to overrate the chances of the trailing candidate (what is known as a favorite-long shot bias).
The forecasts would have enabled Resona to include ¥700 billion of deferred tax assets in its tier-one capital, making up 70% of the total, in its accounts for the year to March 31st.
Similar(48)
Such a low forecast would have been unthinkable just two decades ago.
But now Joyce officials are compelled to make contingency plans because there has been little progress downtown, where the most optimistic forecast would have construction begin in 2014.
James Wigan, her racing manager, stressed that the going and weather forecast would have to be propitious were she to do so.
Mr. Caruso said the 2011 forecast would have been higher if not for plant upgrades and related factors, which weighed down the outlook by 12 cents a share, twice the company's earlier estimate.
Curiously, the Treasury chose not to say what Mr Clarke's borrowing forecast would have been using market expectations.But Labour's most significant change is to reduce its estimate of Britain's long-run average trend rate of economic growth.
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