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Barry Ritholtz: The Forecasting Business Shouldn’t Be This Bad

TedTed
in The Bullpen
FYI: By now, some of you may have noticed that I am none too fond of the average Wall Street forecaster.

This isn't because of some random prejudice, but rather, a view that has evolved based on long experience. It is backed up by solid statistical evidence that forecasters are not very good at forecasting.
Regards,
Ted
https://www.bloomberg.com/opinion/articles/2019-04-01/the-forecasting-business-shouldn-t-be-this-bad
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