Is There a Predictive Value in Forecasts?

i find it interesting that there there so many people make a living giving forecasts that have no predictive value about where the market will be, or interest rates and so on. They may be vaguely related, correlated, but they are not the same thing. i think you're exactly right about and you're right to extrapolate it to general mediaan endto your what's interesting, i mean, about political news, for example, is people will watch pundits.