Question

If one of the most advanced and highly capable business firms is not able to forecast perfectly, how would you be able to demand our local weatherman to have a “perfect” forecast?

Answer 1

These are the different things while one forecasts about the weather and forecasting about the company. Forecasting in the market and business depends upon the lots of unpredictable features such as political, economic, social and technological. It has other market regulatory things which affect its performance at micro or macro level. So predicting the market is not an easy task.

In contrast to it, predicting the weather is quite easy because it depends upon few of the known environmental variable and factors such as level of humidity, temperature, wind speed etc. Though both can be unpredictable at a point of time