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BigV · 08-08-2008, 11:21 AM

Here's something else I don't know:

When the weatherman makes a prediction about the rain or the temperature, and it turns out to be wrong, we say the weatherman was wrong. He loses some credibility as a forecaster because of this failing.

When I make a bet on the baseball game, and I'm wrong, I have to pay up for my wrong guess. I lose.

When someone makes an estimate or a forecast and subsequently the facts turn out to be different, we say the forecast(er) was wrong.

Except in one case.

I frequently hear on the news that a company XYZ Widgets, Inc, has "missed forecasters' projections". The company is usually punished for this "failure". Why is this a special exemption from what seems to be the normal case where the *forecast* is revealed to be wrong. How is it that the facts are "wrong" in cases like this?

tia

08-08-2008, 11:21 AM	#88
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	Here's something else I don't know: When the weatherman makes a prediction about the rain or the temperature, and it turns out to be wrong, we say the weatherman was wrong. He loses some credibility as a forecaster because of this failing. When I make a bet on the baseball game, and I'm wrong, I have to pay up for my wrong guess. I lose. When someone makes an estimate or a forecast and subsequently the facts turn out to be different, we say the forecast(er) was wrong. Except in one case. I frequently hear on the news that a company XYZ Widgets, Inc, has "missed forecasters' projections". The company is usually punished for this "failure". Why is this a special exemption from what seems to be the normal case where the forecast is revealed to be wrong. How is it that the facts are "wrong" in cases like this? tia __________________ Be Just and Fear Not.