Word: forecasting
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...economists forecast that the U.S. gross national product, after adjustment for inflation, will grow a poky 2.3% in 1989, down from an estimated 2.8% last year. The economy will slow as the Fed's tightening grip on the money supply pushes up interest rates. At a growth rate of about 2% or less, most economists think the U.S. can expand without getting out of balance. "This is a slowdown the Fed can be happy with," says David Wyss, chief financial economist for Data Resources...
...huddled over a fire in a small bucket, their only source of warmth during five nights spent on a pile of rubble because there were not enough tents, a television announcer said. Snow and temperatures of 14 to 23 degrees Fahrenheit were forecast...
...President-Elect, who was captain of the 1947 Yale baseball team, declined through a spokesman to forecast the result of today's Game...
...data. "I thought it was an error in the computer code," says the climate researcher at California's Scripps Institution of Oceanography. For one thing, the little-known phenomenon his model was predicting had not been witnessed since the mid- 1970s. By last summer, however, Barnett's forecast was borne out by a "monstrous" 7 degreesF plunge in ocean surface temperatures off * equatorial South America. The drop heralded the arrival of a mysterious weather pattern called La Nina, which brings unusually cold temperatures to the eastern Pacific. La Nina has since swept to the center of the climatic stage recently...
WHEN ZWEIG TALKS, PEOPLE LISTEN. Analysts who foretold the crash have achieved guru status. Chief among them may be Marty Zweig, 46, who publishes the Zweig Forecast newsletter and manages $1.3 billion in pension funds from his Manhattan headquarters. Zweig turned bearish in September 1987 and predicted that the Dow Jones average would soon plunge 1,000 points, to 1755 (the actual bottom: 1738). In the year since his prediction came true, with most newsletters sagging, his subscriber list has grown 90%, to 15,275 (at $245 a year...