31 Quotes by Edgar Fiedler

No one can escape the iron rule that once you make a forecast, you know you're going to be wrong; you just don't know when and in which direction!

The public hasn't learned that businesses don't pay taxes: only people do. They're confused, and this makes an adviser's job all the harder.

The general public still expects a lot more forecasting accuracy than any of us can deliver.

For a politician, the long term is between now and the next election.

In a sense, there are as many forecasting methods as there are forecasters. But I would argue that most projections are derived from two major methods: macro-econometric models and eclectic judgment.

Forecasting is a maddening occupation. It is always fascinating and exciting and rewarding. yet it is also regularly exasperating and infuriating, occasionally even deranging.

There is no formula that will guarantee success in forecasting, no magic words that will part the clouds. The real problem, as the old saw puts it, is that the future lies ahead.

If a proposal doesn't prove out as expected when we run it, sometimes we change the model.

If we're going to forecast the business cycle, surely it is a good idea to know the business cycle. Sounds reasonable, but it's not that easy.