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The city makes advances, essentially blank checks, to the companies based on their forecasts, which are later justified by invoices.
"Analysts who understand how a company creates value also do a considerably better job estimating earnings even though they spend less time on their forecasts," said Frank Brown, an official at PricewaterhouseCoopers, which received 101 responses to its survey of more than 300 executives of large companies.
But six months on, their forecasts look shaky: Nationwide's June house price index showed that in the first half of the year the average price of a UK home rose by 4%, or more than £1,000 a month, from £162,262 at the end of December to £168,941 at the end of June.
Compare that to poker players or meteorologists who get feedback on their forecasts right away.
Different firms might reach to different deal values in such desktop valuation cases, depending on their forecasts and assumptions, but there would be substantial convergence in the process.
AT&T has been hungry for such spectrum ever since it won a few years of iPhone exclusivity and saw the usage and capacity lines cross on their forecasts and MG develop finger blisters from typing so many hate posts.
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Can Min and Rich still rely on their forecast within the marriage when there is no forecast for the world outside?
The firm added: "We are working closely with our clients on their forecast parcel volumes and we are confident that the action we are taking will ensure that normal service is resumed after the weekend".
At present, studies on Internet big data are mainly focused on their forecasting effects on stock market performances.
The researchers at eMarketer have put out their latest figures on mobile advertising revenue in the U.S., and while they are holding firm on their forecast that they will bring in $2.6 billion this year (it's a number they actually put out in January 2012), they have drilled down a bit more into who is making what.
So when the geopolitical forecasting firm Stratfor announced last month that they would brief members of the media on their forecast for 2016, I jumped at the opportunity to find out how conflict and economic strife were going to shape the year ahead.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com