He concluded that the panel was not a portrait of Shakespeare, but many of his unscientific assumptions have proved incorrect.
The bank has lost credibility as the inflation overshoot has persisted and its forecasts have proved incorrect.
But just as some earlier intelligence estimates before the war have proved incorrect, specialists acknowledge that the current assessments, too, are inevitably imperfect.
Many big zinc mines are old and ore grades are declining, but forecasts of mine closures have proved incorrect so far.Tin has a better claim as copper's equal.
Earlier predictions of a vast refugee crisis have proved incorrect because Afghans either do not have the wherewithal to flee or have concluded from experience in earlier wars that abandoning their homes for camps in Pakistan can be worse than staying put.
So far, that judgment has proved incorrect, although the extent to which fear and coercion have led the local population to cooperate with Mr. Hussein's hard-line followers remains unclear.
They said: Our positive outlook for easyJet's summer has proved incorrect (but second half earnings before interest and tax margin are still set to be above 22%) though the shares remain a consensus buy.
Two reviewers gave the proposal a perfect score, but the third said he thought senescent cells were too rare to do much damage — a conjecture that the Mayo team's new experiment has proved incorrect.
William Jackson, deputy director general of the International Union for Conservation of Nature in Gland, Switzerland, said abstract devotion was misguided: "At this time in history we have great faith in having the technological ability to solve problems, and that faith has proved incorrect in this place".
Two former Obama administration officials, Dennis Ross and Ray Takeyh, who were tasked with the Iran portfolio recently admitted, "it is time to acknowledge that the policy of engagement has been predicated on a series of assumptions that, although logical, have proven largely incorrect".
