Forecasts

We shouldn’t be so surprised when our forecasts are off. Especially when we try to look too far in the future.

The meteorologist limits their weather forecast to ten days or so for a reason. Things are just too hard to predict accurately beyond that. The further out we extend our crystal ball, the cloudier it gets—a one week forecast is likely a lot more precise than a one year forecast.

Yet we don’t hold forecasting in business to the same standard. We act as if meeting our forecast is a foregone conclusion, and when we’re off, it’s a disaster. We’ve got to recognize forecasting is simply a way to make our most educated guess of where things ought to land in the future. But don’t forget, it’s still just a guess.