Confidence in a forecast rises with the amount of information that goes into it. But the accuracy of the forecast stays the same.

Summary

This quote suggests that having more information can increase our confidence in a forecast but doesn't necessarily improve its accuracy. While a forecast may seem more reliable when based on a larger amount of information, it doesn't guarantee that the prediction will be correct. The accuracy of a forecast relies on the quality and relevance of the information, as well as various other factors. Therefore, it is important to critically evaluate the factors that contribute to a forecast rather than solely relying on the quantity of information.

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