The problem is that it is easy to confuse the capability to
make precise forecasts with the ability to make accurate ones.
I think we agree that discussion of such projections as if they were
precise forecasts for 2080 etc. is a mistake, but it is one that is relatively easy to make — especially by the time the result gets encapsulated in a press release.
As such, the continual monitoring and periodic updating of assumptions is necessary for your real estate financial model to remain
as precise a forecasting tool as possible.
Rather than spending the time labouring
over precise forecasts, time is better spent thinking about, and understanding the key quantitative and qualitative factors that are likely to impact on the business in the future.
While the IMF says that «Canada is solid, despite everything», Canadian businesses must recognize that foreign markets will not automatically open up to their products; global economies will not easily become available to their service exports; world events will not «settle down» and allow Canadians the luxury of making decisions with calm, well - reasoned and
precise forecasts.
The objective of these models would not be to provide
a precise forecast of the future (an impossible task), but rather to capture enough of the behavior of the educational system to make useful qualitative predictions.
In fact, Scott and others say, even wide - ranging analysis would not provide
a precise forecast of how a child will turn out.
This is intended to be a rough approximation for future asset returns and is not intended to be
a precise forecast.
Dear Andy — AS you note, no question that the science has not converged to
a precise forecast for the next 100 years, so sure there are uncertainties.
It says these scenarios should be seen as «a plausible range of outcomes» rather than
precise forecasts.
Ho believes that it's necessary to exert further efforts on more
precise forecasts and improved prevention in order to substantially reduce damage from future extreme cyclones.
«We are looking forward to seeing an official decision regarding this issue, but as the EU legislative history shows, Advocate General's opinion is often
a precise forecast of upcoming official regulations,» he added.
• Ability to plan and develop strategic plan and budget on a yearly basis for
precise forecasting.