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And what can be done to reduce those forecasting errors?
Those forecasting a weak recovery may be "way too pessimistic", says the Atlanta Fed's David Altig.
That these countries are not on the tips of the tongues of those forecasting economic doom is down to two factors.
Not all economists agree with Soros's assertion that a rate cut will not be possible: economists at JP Morgan are among those forecasting a cut to zero in August from the historic low of 0.5%.
Mrs. Deutsch, who was among those forecasting a 15percentnt voter turnout, said that the turnout reflected the fact that "only a few people are plugged into the public schools.
The Rics house price index, measuring the balance of surveyors expecting price rises against those forecasting a fall, rose to -3 in May from -7 a month ago, beating economists' expectations.
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At the other end of the scale, many of those forecast to shrink most were formerly part of the Soviet Union.
Still, Eilts foresaw that "democracy" without the rule of law and respect for minority rights could lead to troubles like those forecast by Plato.
Those forecast global temperatures rising between 4 and 11 degrees Fahrenheit (2.4-6.4 Celsius) by the end of the century with the best estimate at 7.5 degrees (4 Celsius).
If the price increases stick, Swiss Re's earnings for 2002 could be $2.4 billion double those forecast for 2001.
The comparisons of the observed groundwater level with those forecasted using the BRFNN model and GM (1, 1) model are given in Fig. 6.
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