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User Name Thread Name Subject Posted
DMcG BS: Post Brexit life in the UK (6498* d) RE: BS: Post Brexit life in the UK 01 Mar 18


The article also completely misunderstands what forecasting is. Of course you cannot give precise figures for such things, but you are not attempting to. I happened to have had a little involvement in the decision whether to build Terminal 5 at Heathrow. Does anyone imagine such a decision was taken without forecasts of the number of passengers, goods, etc? Does anyone imagine a power station is built without forecasting the demand? Any of those forecasts could be out in detail, or quite substantially - what Brexit will or will not do to passenger traffic was not modelled for instance - but you take the decision using the best information you can, while simultaneously recognising its limitations.




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