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Mr. Barowitz was referring to Mr. Hevesi's overestimate of budget shortfalls in years past.
But wait, even that is an overestimate of the actual spending cut relative to this year.
But imprecision is one thing; the systematic overestimate of the economic recovery in Europe is quite another.
In fact, 2012 saw a total of 351.4m PCs shipped – that's 47.1m fewer, or an overestimate of about 12%.
These include a correction of a "systematic overestimate of VAT deductions" and "improved modelling of national insurance contributions".
The underestimate of unemployment implies an overestimate of growth, since the president's mid-session budget review used a simple formula to relate the two.
The overall effect was a gross overestimate of the benefits of holding cash, combined with an underestimate of its costs in forgone income.
Fitting this model to the polling data available ahead of the 2010 election produces an overestimate of Labor's TPP: 52.0%, a miss of 1.9 percentage points.
Arguably this served a more conservative analysis; certainly it could not lead to an overestimate of lost productivity at work.
Kyriakopoulos et al.'s (2013) larger contrast may lead to an overestimate of the effect of elastic heterogeneity.
The Power Law model produces an overestimate of Vm (1.86) but an underestimate of Vt (0.39) (Table 2).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com