Predicting the weather at year end is likely to be more accurate than predicting the price of oil 12 months from now. Considering the "survey of 30 or 33 analysts" statement: What was their range of predictions and individual margin of error? and what's been their track record in their past predicting anything 12 months out?Taleb (The Black Swan) would have a field day with those predictions.
-
Predicting the weather at year end is likely to be more accurate than predicting the price of oil 12 months from now. Considering the "survey of 30 or 33 analysts" statement: What was their range of predictions and individual margin of error? and what's been their track record in their past predicting anything 12 months out?Taleb (The Black Swan) would have a field day with those predictions.
Jan 04 10:38 am
|Rating:
+2
-1
All Comments by LuckyPierre »Where Will Oil End 2009? [View article]