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To be sure, there have been just two recessions in two decades, which is not enough to validate any set of forecast tools.
Venture capitalists and other investors "will never start by reading a 50-page business plan and examine a full set of forecast financials — they have too little time for this," Mr. Zehle wrote by e-mail.
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THREE months ago the Bank of England unveiled a grisly set of forecasts for 2008, predicting a sharp downturn in growth and a troubling pick-up in inflation.
Skill refers to the accuracy of a forecast or set of forecasts relative to a standard control forecast.
There is also a "SAS for Sustainability Management" set of software to forecast environmental, social and economic effects and identify causal relationships between operations and an impact on the environmental or ecosystem.
The next set of forecasts, which the government commissioned in 1998 when the company was financially restructured, was less optimistic.
Unemployment will remain at "very high" levels, according to a gloomy set of forecasts issued by the European Commission.
And each December, he comes to New York, hosts a dinner and delivers a set of forecasts for the coming year.
On November 12th a new set of forecasts from the Energy Information Administration, an American government agency, said that oil prices are likely to average $83 a barrel in 2015.
But the prized AAA credit rating is already looking tarnished, and a particularly bleak set of forecasts could bring the dreaded downgrade closer.
The remit review also came against a grim backdrop of lower growth and higher-than-expected borrowing revealed in the Budget as the independent tax and spending watchdog the Office for Budget Responsibility delivered another painful set of forecasts.
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