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"That forecast just doesn't seem realistic," said Dean Baker, co-director of the Center for Economic and Policy Research in Washington, "and I don't think it helps the Fed's credibility to make these sorts of forecasts right now".
The numbers are based on data from the Interactive Advertising Bureau and PriceWaterhouseCoopers. Remember, these sorts of forecasts are almost always wrong.
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Its solution is a new product called MarketFirst, a sort of forecast of the forecast.
With all the enthusiasm and forward planning being made for the New Year, this sort of forecast might be a wise caution for a good gardener to keep in mind.
And it turns out that many companies would like to use this sort of forecast for air quality.
"There are all sorts of potential forecasts for M2M growth over the next 10 years or so, and the only thing they have in common is that they all see huge growth," he said.
BULLS tend to find all sorts of reasons for forecasting a higher stockmarket.
This sort of amazing forecasting is why we still read Nostradamus today, despite the wide availability of authentic, federally registered psychics.
The ultimate aim being to help people avoid having to fall back on their overdraft as "an expensive form of credit", says co-founder Jason Wilk, describing it as a sort of "weather forecast" for money management.
Chris Blowes, director of forecast firm Weather Commerce, which is involved with the planned RMS standards, said: "There are now lots of amateurs in this game who are very good at IT and can come up with all sorts of kinky websites that produce automatic forecasts, but they're being a bit naughty, really, as you couldn't use those forecasts to plan anything".
However, some of their conclusions remain tentative and economists have not yet been able to incorporate them into the sorts of models needed for producing the forecasts that the modern world requires.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com