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The desire to have a model that would have forecasted the January correction is certainly understandable.
The mutational-hazard hypothesis would have forecasted πsilent for the mitochondrial genome to be greater than that of the nuclear genome, but instead πsilent for the mtDNA was found to be 4 times smaller than that of the nucDNA (8.5 × 10-3 vs. 32 × 10-3).
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Who would have forecast that?
It is not clear what the theory would have forecast that year.
Yet the rise in unemployment far exceeded what economists would have forecast even had they known that.
If you believed New York City Democrats back in 1994, you would have forecast grim times for Harlem.
The economic outlook is "clearly far better, given what has happened, than I would have forecast six, eight, nine months ago," he continued.
But who would have forecast that the burden of household debt — at least in much of the country — would by now have been reduced so far that consumers are again a source of growth?
According to the Treasury, if Mr Clarke had used Mr Brown's proposed new assumptions, he would have forecast a worse position for the public-sector finances in each of the next five financial years.
And how many people would have forecast that the videophone, a technology that had been heralded by futurists for decades, would turn out to be such a dud among consumers?
Blessing number one is the resilience of the labour market, with record numbers in work and nothing like the levels of unemployment that one would have forecast during the worst economic conditions for 80 years.
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