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Namely, in 1998, Prof. Larry L. Hench published a forecast for the future of biomaterials development (Hench 1998), where he noted that available that time bioactive materials (CaPO4, bioactive glasses and glass ceramics) had already improved prostheses lifetime but, unfortunately, any type of prosthesis had mechanical limitations.
Likewise, last week, Wells Fargo published a forecast for "moderate, subpar growth accompanied by rising inflation pressures".
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And there is broad support, according to the minutes, for formalizing this type of prediction by regularly publishing a forecast of short-term rates.
When we publish a forecast on FiveThirtyEight, I go to great lengths to document the uncertainty attached to it, even if the uncertainty is sufficiently large that the forecast won't make for punchy headlines.
The industry standard is to publish a forecast of something called the "incumbent party two-way vote share," which is the percentage of votes the incumbent party's presidential candidate gets with third-party candidates excluded.
Now the Boyd Group, the Colorado-based aviation consulting company, has published a new forecast that predicts the number of passengers boarding planes in the United States will total just over 740 million in 2009, far from the 2000 F.A.A. estimate, which had helped prompt many airports to undertake expensive expansion projects.
In 1998, United Nations World Tourism Organisation published a report forecasting what tourists might be demanding in the years up to 2020.
Standard & Poor's, for example, published a report forecasting a possible credit crisis resulting from passage of the bill, "further reducing economic growth prospects".
Even before the collapse of plans to attack Syria and the new overtures of Iran to improve relations with the West, the financial company Raymond James published a report forecasting a lowering of oil prices from $109 in 2013 to $95 in 2014 and $90 in 2015.
In October 1991 he published a paper forecasting that Japan was about to experience bank failures and a "depressive credit crunch of historic proportions".
Earlier this year, the corporation published an annual forecast of global energy demand, to the year 2040.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com