“Nobody, 20 years ago, forecast the Internet.”
Bryan Appleyard
“Its hard enough forecasting when things are reasonably stable. You have to take all of our forecasts with a grain of salt.”
Brian Jones
“Basically, our internal forecasts were overly aggressive, ... When you fall short of your internal forecast, two things happen: costs go up as a percentage of sales and margins go down.”
Ted Waitt
“The forecasting comparisons for soybeans were somewhat sensitive to the measure of forecast accuracy considered. One measure showed that private market forecasts were more accurate than USDA forecasts for August, regardless of the time period considered. Another measure showed just the opposite.”
Darrel Good
“For instance, we're as accurate today on a five-day forecast as we were 15 years ago on a three-day forecast. So that improvement is almost a doubling in the accuracy of forecasting.”
Conrad Lautenbacher
“The forecasting comparisons for soybeans were somewhat sensitive to the measure of forecast accuracy considered. One measure showed that private market forecasts were more accurate than USDA forecasts for August regardless of the time period considered. Another measure showed just the opposite.”
“If a storm makes landfall within a 200-mile radius, it's probably a good forecast. Eight, 10 years ago, that was a 300-mile radius. So they are improving the forecasts drastically.”
William Massey
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