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Famous Predictions
There have been various notable predictions made throughout history, including those by scientists based on the scientific method, predictions of social and technological change of futurologists, economic forecasts, religious prophecies, and the fictional imaginings of authors and science fiction. Science fiction author Arthur C. Clarke wrote three laws of prediction. Economic forecasting * In 1987, Ravi Batra predicted an economic depression in his best-selling book, ''The Great Depression of 1990.'' He subsequently wrote other books on surviving economic upheaval. * In 1996, economist Alan Greenspan famously stated that there was irrational exuberance in the stock market on Dec 5, 1996, and indeed, may well have contributed to it as a result of his policies as Chairman of the Federal Reserve. His warning went unheeded and the stock market continued to boom in the late 1990s until the stock market downturn of 2000 and 2001, when it became evident that the warning had been cor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prediction
A prediction (Latin ''præ-'', "before," and ''dicere'', "to say"), or forecast, is a statement about a future event or data. They are often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference from "estimation"; different authors and disciplines ascribe different connotations. Future events are necessarily uncertain, so guaranteed accurate information about the future is impossible. Prediction can be useful to assist in making plans about possible developments. Opinion In a non-statistical sense, the term "prediction" is often used to refer to an informed guess or opinion. A prediction of this kind might be informed by a predicting person's abductive reasoning, inductive reasoning, deductive reasoning, and experience; and may be useful—if the predicting person is a knowledgeable person in the field. The Delphi method is a technique for eliciting such expert-judgement-based predictions in a controlled way. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
