Forecast Quotes - page 2
It is my firm belief that the only satisfactory test of economics is the ability to predict, and in crucial predictive situations such as reconversion after World War II, the settlement of the Korean War, the settlement of the Vietnam War, the abrupt economic policy switch of the Nixon Administration in August 1972, the oil shock of 1973 (forecast of a world-wide succession by LINK), the recession of 1990. In these crucial periods, econometric models outperformed other approaches, yet there is considerable room for improvement, and that is precisely what is being examined in development of high-frequency models that aim to forecast the economy, every week, every fortnight, or every month, depending on the degree of fineness of the information flow.
Lawrence Klein
This attempt to usurp the government by subverting the Constitution of the United States was the policy of the greatest leader the system of slavery has ever had in this country - that pagan of our politics, Mr. Calhoun. While other statesmen merely saw, he foresaw. His mind, of large forecast and comprehensive grasp, perceived that the logic of history, of civilization, of our national idea, of the universal conscience, was against slavery. But he had seen the conscience of the country, roused for a moment in the Missouri debate, drop asleep again. And with the audacity of genius he resolved to stun the country into acquiescence by claiming that slavery was the fundamental law of the land.
George William Curtis