Just as weather forecasters have become better at giving early storm warnings, real estate practitioners will become
better at forecasting turns in their market.
On the other hand, they require always more funding so they can get
better at forecasting the future.
However, there is strong evidence that long - term normalized ratios (and other ratios including the Q ratio, market cap / GNP, and deviation from trend) are much
better at forecasting returns over periods from 5 to 20 year horizons.
Not a single one showed that Shiller or Hussman or anyone else who specializes in a 20 - 20 view of the past was
better at forecasting future earnings.
A few weeks ago I wrote a piece arguing that forward earnings estimates were
better at forecasting future earnings than were the popular backward looking methods.
They have been
better at forecasting the unemployment rate, even as it has become less useful as an indicator of how strong labor conditions are because of discouraged workers and more lower wage jobs.
Unfortunately, ecologists can't do much
better at forecasting when an ecosystem is about to collapse or change dramatically.
«Improving how we anticipate activity using new technology such as this is an important first step in doing
better at forecasting and preparing for volcanic eruptions,» said STREVA Principal Investigator, Dr Jenni Barclay.
Statisticians, political scientists and data journalists have become pretty
good at forecasting election outcomes.
First, the Fed isn't
that good at forecasting — both the staff economists and the Fed Governors themselves.
That is why the post emphasizes that it is unclear that the model that does best at reproducing the LGM also does
best at forecasting the future.
(Mebane Faber) Experts aren't
good at forecasting.
First, the Fed isn't
that good at forecasting — both the staff economists and the Fed Governors themselves.
In that paper, three financial economists — Itzhak Ben - David of Ohio State University and John R. Graham and Campbell R. Harvey of Duke — found that chief financial officers of major American corporations are not very
good at forecasting the future.
The actual market return over the next year fell between their 80 percent confidence limits only a third of the time, so these executives weren't particularly
good at forecasting the stock market.
If the model is as
good at forecasting as hindcasting, then the populations of (model - hindcast) and (model - forecast), for the same time period around day zero should be the same.
The two populations should be the same if the models work equally
well at forecasting as they do hindcasting.
«There were delays due to repairs, re-appraisals and re-inspections, but we've become very
good at forecasting the impact [of hurricanes].»
We're generally pretty
good at forecasting when we'll need furniture for one of our own staging jobs, so if we know we have three sets available and will only need two sets for the next 3 months or so, we're comfortable using one set for another investor.
Not exact matches
And same - store sales should be unchanged
at best, or down a low single - digit percentage
at worst,
well below Dick's previous
forecast for a 1 % to 3 % increase.
The retailer's shares tanked 19 % to $ 28.37 — their lowest level since 2010 — after it reported that same - store sales, or revenue of stores open
at least 14 months, rose a mere 0.1 % in the second quarter,
well below its own
forecasts for a rise of 2 % to 3 %, and short of Wall Street projections for a 1.4 % gain.
We'll predict that in 10 years, FAANG Inc will sell
at a PE of 25, down from 30 but still substantial, and still
forecasting well above average profit performance.
My idea of financial
forecasting consisted of looking
at last month's sales, sticking my finger in the air and taking my
best guess as to what next month's sales were going to be.
With new capabilities, the company hoped to improve its demand
forecasting — specifically by narrowing the focus from warehouses down to individual customers to
better predict how much of which products was needed on any given day
at any particular store or vending machine.
Most important,
forecasts are
better, SLAs are being met, and products are on the shelves
at the right place and the right time.
«
Good organizations are
forecasting their human capital and looking
at the demographic data — who's graduating from university, how many people are retiring and the number of people available to take their place.»
«With more than $ 2 billion in online buying on Cyber Monday to cap an exceptionally strong 5 - day period since Thanksgiving, the online holiday shopping season is clearly going very
well at the moment and is currently running ahead of
forecast,» said comScore chairman emeritus Gian Fulgoni.
«The chart indicates that where
forecasting agencies made gains, even the greatest of these lay within limits equalled by the
best of our 24 imaginary records representing random action
at random intervals.
Chinese GDP expanded
at a
better - than -
forecast pace of 6.9 % in the first quarter, the fastest in six quarters.
The outpouring of almost comically muddled explanations of and
forecasts for the Chinese growth miracle has been an especially egregious example of the way
well - intentioned economic analysis has led to, or
at least encouraged, worse outcomes.
The projections developed in assessing long - term fiscal sustainability are not exact fiscal
forecasts, but are rather «
best» estimates
at a particular point in time.
If you look
at production
forecasts for oilseeds — where exports could exceed 3.5 million barrels per day by 2020 — as
well as U.S. production in the Bakken — watch this animation to get a feel for how fast that's growing — then there's definitely a market for significant new pipeline capacity.
It's
at this point the business needs an operating plan, financial
forecasts and other
well - understood management tools.
So we'll next look
at what the company has done over the last decade (a
good proxy for the long haul) in terms of top - line and bottom - line growth, before comparing that to a near - term
forecast for profit growth.
After adjusting for the timing of New Year's Day and Easter, same - store food and liquor sales rose 1.3 per cent — the strongest growth in six quarters but still
well below that
at Woolworths, where same - store food sales are
forecast to grow 3.8 per cent.
As usual, I don't place too much emphasis on this sort of
forecast, but to the extent that I make any comments
at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet
at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency
at best and excessive bullishness
at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.
The
better - than - expected outcome for 2016 - 17, along with the much stronger than expected economic growth for 2017, suggests that the deficit outcome for 2017 - 18 could be much lower than currently
forecast at $ 28.5 billion.
Instead, the government
at that time decided to use the average of private sector economic
forecasts rather than those produced by the Department of Finance even though E&Y had concluded that the Department's economic
forecasts were consistently
better than those in the private sector.
The announcement has already eroded mortgage finance company shares and prompted
forecasts of slipping mortgage growth
at the banks, as
well as fewer home purchases and a price cool - down.
At the end of 2015, we realized to grow the way we had
forecasted to our Board of Directors, we needed
better data on our prospects and customers.
As
well as missing revenue
forecasts, Alibaba announced a $ 4 billion share repurchase program over two years, which it said was primarily aimed
at offsetting the impact of the company's share - based compensation programs and other factors that could dilute the share price.
Asserting that we do not yet have either the facts or the methods to make
forecasting a precise art, Michael argues that there are three basic reasons for continuing to make or act upon them: (1) some
forecasts are likely to be close to the mark, (2) poor
forecasts provide a
better basis for planning than no prediction
at all, and (3)
well - done
forecasts help to illuminate the many factors that interact to produce the future.
Mark brings his highly accomplished background in budgeting,
forecasting, financial modeling as
well as technical systems evaluation and analyses to his role
at Tavistock Restaurant Collection.
We're on the extended
forecast now (not looking
good at the moment, but keep your fingers crossed) and the fact that we're also packing up our entire apartment before the wedding is suddenly much more stressful than one week ago.
They're in a weak division and have the
best pitcher in baseball who should be healthy all year (
at least that's the
forecast).
History has shown the
best actor, actress, and supporting actor winners tend to
forecast which nominees in those categories will also emerge as winners
at the Oscars, so make sure you tune in for the late - January ceremony.
Yet over the past few seasons they have performed rather
better than us; and this
at a time when their demise has been repeatedly
forecast as, time and again, players and managers have looked for a speedy exit up the M3 towards the brighter lights of London and the North West.
She adds that growth projections for the world have been put
at 3.2 % and 3 % for sub-Saharan Africa by global experts, «we [Ghana] are
forecasting 5.4 % of which we have started to do
well already.
I hope that $ 38 they arrived
at was based on
good forecasting, on consistent macro-economic framework and macro-econometric model.
This
forecast assumes a «normal» pattern for the Liberal Democrat vote, which of course may
well not be the case (the alternative of giving the Lib Dems the same incumbency effect as found for the other two main parties has them returning to around their 2010 vote share, which
at this stage of the game seems unlikely).