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Monday, March 09, 2015

Forecasting our future



Forecasting our future

Good luck!  Many have tried it and many will still try it.
There are entire industries that try forecasting accurately what the results will be. Most even hedge their bets, so to speak.
Two obvious examples are the financial industry, and Wall Street which often reflects others too. The other obvious example is those sports reporters who predict outcomes of sports games and even standings. Most of these sports reporters are often pretty knowledgeable, too. Most often they get paid for their guesses, also.
But nobody knows for sure what will happen, including our human politics.
Now in a given near term time, one can more reliably rely on present day behavior.
And in the long term, most of these predictions usually include the present status quo continuing into the future, which seldom happens.
Hence, use your own judgment, and hope for the best.  Said another way, most people would prefer to buy low and sell high, but that seldom happens in real life.
And then there is the “geek” type rule which can be called “artillery round off”. In a nutshell, when the local numbers hit 0.5 of something, like the temperature is 34.5 F where I live these days, round that off to the nearest even number, like 34 where the method or program calls for even numbers not divided into smaller increments. Said another way in regards temperature, when it is cold outside it is pretty much cold outside. Like the tenths of a degree don’t make much difference to me.  Said even another way, sometimes precision does make a difference, like in our taxes. Then, whether one uses the graphical method or the digital method, precision does help the cause for an outcome we have trust and faith in, again like in calculating our taxes and then paying them.

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