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Edgar Fiedler Quotes

Ask five economists and you'll get five different answers - six if one went to Harvard.

Ask five economists and you'll get five different answers - six if one went to Harvard.

Edgar Fiedler
Business, Insperational, Hands

If you have to forecast, forecast often.

Edgar Fiedler
Business, Forecasts, Ifs

When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don't know the answer either.

Edgar Fiedler
Asking, Answers, Topics

Economists state their GNP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor.

Edgar Fiedler
Funny, Humor, Growth

For economist the real world is often a special case.

Edgar Fiedler
Real, Special, World

Forecasters tend to learn less and less about more and more, until in the end they know nothing about everything.

Edgar Fiedler
Knowledge, Ends, Knows

The herd instinct among forecasters makes sheep look like independent thinkers.

Edgar Fiedler
Business, Mistake, Independent
Across the Board The Three Rs of Economic Forecasting-Irrational, Irrelevant and Irreverent June 1977

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