Quote by Dean Williams

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

Confidence in a forecast rises with the amount of informatio

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.

Topics

Investing

By Dean Williams

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