Caution is therefore prudent when forecasting the future mid- to short-term evolution of any period of unrest.
The problem is that most students have no idea what they will make after graduation, so forecasting on the low-side of your earning potential is prudent.
"We're looking for special things, but we are being prudent as to how we invest," said Stephen I. Sadove, the chief executive of Saks, which has also forecast weak sales through the end of the year.
Sprinkling his speech with such words as "conservative" and "prudent", he said that revenues for 2001 would reach $38 billion, only 5% up on 2000 and less than previously forecast.
[Presidential forecast, Senate forecast].
The statement also said the upgrade reflected the agency's confidence in Mr. Suozzi's conservative budget forecasts, his "prudent planning on the expenditure side" and "continued overall improvement in the quality of financial management".
In terms of our full year forecasts, we have taken a prudent stance and reduced our pretax profit forecast for 2014 by £0.9m or 13% to £6.3m, reflecting some pressure on margins and the increased costs in servicing higher sugar volumes.
But my forecast is that prudent investors will do so in growing numbers as the effects of this rule play out.
"However, it is not the first retailer to warn that trading remains tough, and we feel it prudent to reduce our profit forecasts".
Lorna Tilbian at Numis kept her hold recommendation with a 5p target price: We are maintaining our 2012 earnings forecasts, although believe it prudent to lower our 2013 estimates.
This forecast is on the conservative side, it is possible that because we are superior to competing services that things really take off, however, it would not be prudent to take that aggressive of a forecast.
