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....By analysing data about what customers have bought before, and any preferences they have expressed, recommender systems can pick up on patterns in purchasing history. They use this to make predictions about the products you might like. ... [Read full article on BBC ]
Monday 24th of April 2017 11:52:29 PM
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...."At the end of it you feel like your head's going to explode," she says. But it is these gatherings that form the basis of the firm's six-monthly predictions on the key upcoming trends. ... [Read full article on BBC ]
Tuesday 25th of April 2017 11:08:21 PM
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Latest Finance News related to Prediction

Colour me image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:08:21 PM
...."At the end of it you feel like your head's going to explode," she says. But it is these gatherings that form the basis of the firm's six-monthly predictions on the key upcoming trends. ...
Machine learning image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:29 PM
....By analysing data about what customers have bought before, and any preferences they have expressed, recommender systems can pick up on patterns in purchasing history. They use this to make predictions about the products you might like. ...
Yorkshire Building Society launches record low 0.89% mortgage rate image
Source : Guardian [Read Article] Thursday 20th of April 2017 11:01:02 PM
....89% for two years. There were predictions a few months ago that the era of record-low mortgages may be coming to an end, but the new move by the Yorkshire Building Society suggests that, if anything, competition in the home loans market may be intensifying. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
....They are also more positive about growth in China, the US and very much so in the UK, where the worries of last year about the immediate impact of the Brexit have been pushed out a few years:. Across the world, the prediction is for global GDP growth of 3. ...
IMF says pace of global economic growth is picking up image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:01:41 PM
.... . The prediction for Britain this year is now only marginally below what the IMF predicted a year ago, its last full forecast before the Brexit referendum. ...
Experience-hungry shoppers trend towards food and drink spending image
Source : Guardian [Read Article] Monday 10th of April 2017 06:01:29 AM
....Mild spring weather and the fact that the bank holiday weekend falls not long after March’s payday, are expected to lead to an 8. 8% increase in the number of shoppers on the high street, according to the latest footfall predictions from retail analyst Springboard. ...
Economists have to let go of the delusion that they have all the answers | Tim Thornton image
.... However, these competing schools have made somewhat of a comeback in recent years, albeit often outside of economics departments. This greater plurality is a good thing as these competing schools can sometimes yield superior predictions, explanations and policy positions. ...
Landlord tax changes come into effect TODAY: 'Renting will be more expensive', say critics image
.... Aside from likely paying more in rent, in many places they will face a growing shortage of affordable places to rent. “We call on Ministers to undertake a major review of the impact of this policy and if all the predictions about its impact are right, to abolish the changes in the autumn budget. ...
The lost generation: ‘I’m 30-something and still depressed and broke’ image
.... I called him because he’s one of the people I spoke to in 2010, when he predicted a “lost generation” scarred by unemployment and low wages. The day before we speak I see Andrew Neil teasing him on Twitter about his gloomy predictions. ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
.... Nor is it to deny that Britain has some deep structural problems that badly need fixing. But it does mean treating with caution predictions that Britain will end up – as another 60s icon put it – on Desolation Row. ...
Rags to revolution image
Source : BBC [Read Article] Monday 13th of March 2017 12:12:14 AM
....America's copiers, fax machines and printers continued to spew out enough sheets of paper to cover the country every five years. After a while, the paperless office became less a prediction, more a punchline. ...
UK economy will grow 2% this year but slow next, OBR predicts image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:58:42 PM
....“This pace of decline cannot continue indefinitely and we don’t assume that it [will],” said Chote. The OBR is far from alone in making big revisions to the growth outlook for this year, and the move follows a pattern of forecasters being forced to upgrade the UK’s prospects as the economic news since the Brexit vote has repeatedly confounded predictions of a slowdown. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
....Rowena Mason, deputy political editor: Philip Hammond looks satisfied to be announcing higher growth than previously forecast – a rare experience for chancellors in recent years. It defies the predictions of gloom by remain supporters before the Brexit vote, although the effects of leaving the EU are yet to be felt. ...
Budget 2017: BBC editors make their predictions image
Source : BBC [Read Article] Tuesday 7th of March 2017 11:35:23 AM
...
Hammond urged to tackle 'catastrophic' effect of rising inflation image
Source : Guardian [Read Article] Monday 6th of March 2017 01:13:37 PM
....In contrast, they point out that two-fifths of the benefit freeze losses come from the poorest 20% of households, with many of those affected in work. The group’s figures show that a couple with one person working, and two children, were going to be £495 worse off each year as a result of the benefit freeze, but will now lose £680 as a result of higher inflation predictions. ...
Budget 2017: The misplaced confidence of the British consumer image
.... And it sums up one of the challenges facing the Chancellor, Philip Hammond, as he prepares for Wednesday's Budget. Consumer confidence appears to be rock-solid, defying gloomy pre-EU referendum predictions that people would rein in spending. ...
‘Shell knew’: oil giant's 1991 film warned of climate change danger image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:45:19 AM
....”. The predictions in the 1991 film for temperature and sea level rises and their impacts were remarkably accurate, according to scientists, and Shell was one of the first major oil companies to accept the reality and dangers of climate change. ...
The Bank of England is in denial. Brexit shows people don't act rationally | Robert Skidelsky image
.... People would go on behaving exactly as the model assumed, only with a different set of prices. But any prediction based on recurring patterns of behaviour will fail when something genuinely new happens. ...
We are unlikely to spot next financial crisis, Bank of England official says image
....MP Jacob Rees-Mogg suggested the Bank should be more circumspect about its forecasts, rather than presenting them as “holy writ”, and then revising them six months later. Andy Haldane, the Bank of England’s chief economist, said fan charts showed the probability of the future path of growth and inflation and in most cases the predictions were within a narrow range of the central forecast. ...
UK government surplus gives Philip Hammond pre-budget boost image
Source : Guardian [Read Article] Tuesday 21st of February 2017 01:33:43 PM
.... If UK growth becomes more sluggish, as we expect, the UK will find it increasingly challenging to generate the tax receipts needed to deliver real progress in cutting the deficit,” he said. In November the OBR said the weaker economic outlook since the Brexit vote meant its March 2016 prediction of the public deficit was way off the mark and revised it to £68bn for the current financial year. ...
Why the Bank of England won’t raise interest rates any time soon image
Source : Guardian [Read Article] Saturday 18th of February 2017 05:00:07 PM
.... And why not when the departure of Forbes, and the economic realities that always prevented her acting on instinct, means interest rates are going to stay low this year, next year and most likely for the rest of the decade?. This prediction is not some finger-in-the-air exercise allied to Brexit gloomery, but an assessment of Britain’s ingrained economic weakness, something Forbes understood and railed against. ...
European commission upgrades growth forecast for UK economy image
Source : Guardian [Read Article] Monday 13th of February 2017 06:07:26 PM
....The eurozone will enjoy stronger economy growth than previously thought this year and next but face risks from uncertainty surrounding Donald Trump’s presidency and the UK’s negotiations to leave the European Union, according to forecasts by the European commission. The executive arm of the EU became the latest body to concede its predictions made shortly after the Brexit vote had been overly gloomy. ...
Markets hit new highs over Trump's change of tone on Japan and China image
Source : Guardian [Read Article] Monday 13th of February 2017 06:01:07 PM
....23% at 18,758, its fifth day of record closes. The index has been supported by signs that the UK economy has so far avoided the worst predictions made ahead of the Brexit vote. ...
How Xi Jinping's global ambitions could thrive as Trump turns inward image
Source : Guardian [Read Article] Friday 10th of February 2017 12:25:10 PM
.... “For his part, Trump said he was glad to talk over the phone with Xi,” it added. In one joke doing the rounds among China watchers, Communist party theoreticians, after decades preaching the demise of democracy and capitalism, find themselves in a sudden state of panic after seeing their predictions come true so far ahead of schedule. ...
UK house prices fell in January for the first time in five months image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:34:19 AM
....Capital Economics expects house price growth to cool to 2% by the end of the year, saying “the squeeze on household incomes we expect will tend to curb demand”. Tombs has the same prediction. ...
'UK could be fastest-growing G7 economy if it gets trade deals right' image
Source : Guardian [Read Article] Tuesday 7th of February 2017 06:30:07 AM
....Its analysis in March last year warned that leaving the EU would cause a serious shock to the UK economy that could lead to 950,000 job losses and leave the average household £3,700 worse off by 2020. Since the referendum, most economic outlooks have been shown to be overly pessimistic and forecasters, including the Bank of England, have been forced to revise up their predictions for UK growth. ...
Sir Andrew Witty nears his last Glaxo goodbye image
Source : Guardian [Read Article] Sunday 5th of February 2017 07:00:07 AM
....It may be a bit of a stretch to adapt that crack to economic forecasting, but no matter: the dismal scientists are hardly in a position to complain about a touch of cavalier extrapolation. Anyway, last week saw the latest press conference at which the Bank of England’s finest had to admit that Threadneedle Street had made a complete Horlicks of its economic predictions. ...
UK faces return to inequality of Thatcher years, says report image
Source : Guardian [Read Article] Tuesday 31st of January 2017 11:26:31 PM
....”. The prediction that inequality is set to start rising again is based on the thinktank’s forecast that while incomes will fall for the poorer half of households they will rise by about 5% for the richest fifth over the next four years. ...
Weetabix warns it may raise prices due to fall in pound since Brexit vote image
....Several food companies, including Unilever, which owns Marmite and Magnum ice cream, the Mr Kipling maker Premier Foods, and Mondelez International, the owner of Cadbury, have increased prices in the UK or warned they will do so to offset the weakness of the pound. Unilever’s decision to raise the price of Marmite by 10% last October led to a dispute with Tesco and predictions of further price increases this year. ...
Young people optimistic about economy despite Brexit, says study image
Source : Guardian [Read Article] Monday 30th of January 2017 07:00:46 AM
....”. That prediction was supported by an easing in the pace of growth among private sector companies in the three months to January, according to a CBI survey. ...
Dow Jones hits record high – is Trump good for stock markets? image
Source : Guardian [Read Article] Wednesday 25th of January 2017 03:18:04 PM
....Smith’s point is that even if you could read developments vaguely well and get your timing right, there is a second-order problem. “To usefully employ your predictions, you would not only have to make mostly correct predictions, but you would also need to gauge what the markets expected to occur in order to predict how they would react. ...
Electric cars will not stem global demand for oil, says BP image
Source : Guardian [Read Article] Wednesday 25th of January 2017 02:47:17 PM
.... Fossil fuels would still account for 75% of the energy mix, slightly down on the 80% BP forecast last year. Oil demand was unlikely to peak until the mid-2040s, Dale said, in a prediction similar to that of the International Energy Agency but much later than some other observers think. ...
UK GDP preview: sharp slowdown expected in 2017 image
Source : Guardian [Read Article] Sunday 22nd of January 2017 03:54:01 PM
.... Both before and after the June vote, forecasters at the Bank and elsewhere said the decision to leave the EU would bring growth to a near-standstill by the end of the year. But as economic data repeatedly defied the gloomy predictions, the forecasts were rewritten amid criticism that the Bank and others had overdone their pessimism. ...
Banks are moving workers, inflation is up. Project Fear is coming true | Simon Jenkins image
....The tumult and the shouting dies. From hysterical prediction slowly emerges the grim reality. ...
UK housing market falters as estate agents become less optimistic image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:01:30 AM
....“It remains to be seen if this is a temporary setback,” Rics said. “The number of house sales in the UK faltered in December, and predictions for expected new sales over the next three months were also pared back. ...
House prices in the South East FALL amid Southern Rail chaos image
Source : Daily Express [Read Article] Tuesday 17th of January 2017 04:51:00 PM
.... Alex Gosling, chief executive at HouseSimple. com, said: "November was a strong month for property prices, which goes against all the predictions that prices would stutter in the months following the EU vote. ...
Top bosses question benefits of globalisation, PwC survey finds image
Source : Guardian [Read Article] Monday 16th of January 2017 06:30:16 PM
....Bob Moritz, PwC’s global chairman, said: “Despite a tumultuous 2016, CEO confidence is moving back up – albeit slowly and still a long way from the levels we saw back in 2007. But there are signs of optimism right across the globe, including in the UK and US, where, despite predictions of a Trump slump and a Brexit exit, CEOs’ confidence in their company’s growth are up from 2016. ...
IMF upgrades UK forecast but notes Brexit terms are 'unsettled' image
Source : Guardian [Read Article] Monday 16th of January 2017 02:00:25 PM
.... It listed that uncertainty among a host of risks it sees to the global outlook that also included the potential for a wave of protectionism as Donald Trump takes over the US presidency. The IMF was forced to accept in October that its prediction of a post-Brexit-vote financial crash had proved to be overly pessimistic. ...
Twelve things you need to know about driverless cars image
Source : Guardian [Read Article] Sunday 15th of January 2017 07:30:09 AM
....The six levels of automation, defined under international standards by the Society of Automotive Engineers, range from “no automation” to “full automation”, explains Sven Raeymaekers, of tech investment banker GP Bullhound. “If you look at the most recent predictions, the majority of car manufacturers estimate the first highly to fully automated vehicles [AVs] will hit the market between 2020-2025,” he says. ...
Morrisons sees best Christmas performance for seven years image
Source : BBC [Read Article] Tuesday 10th of January 2017 07:29:30 AM
.... . Even so, it seems that this has been a better Christmas than the big grocers might have expected given the gloomy predictions ahead of the EU referendum vote. ...
One blunt heckler has revealed just how much our economists are failing us | Aditya Chakrabortty image
....Never mind all that, because the British pundit class is expert at cutesifying a crisis, at shrinking any debacle to fit within the confines of an eight-minute studio discussion. So it is that Haldane’s chief recommendation to avoid another such disaster is for economists to get more data so they can produce better predictions. ...
UK house price average surges by £4,000 in December image
Source : Guardian [Read Article] Monday 9th of January 2017 11:20:19 AM
....83 in July 2007 before the financial crisis struck. The latest surge in prices follow a slew of end-of-year predictions forecasting a marked slowdown in the market in 2017. ...
Brexit wasn’t a ‘Michael Fish moment’: but economics does need to change image
....He carried the analogy through to the Met Office’s solution, which was to include more data, more quickly, into its forecasting system. This brought about a huge improvement in weather predictions that economists could copy, claimed Haldane. ...
Five things economists can do to regain trust image
Source : Guardian [Read Article] Friday 6th of January 2017 11:49:04 AM
.... But people’s feelings change. In short, we can look to economics to give us best guesses of how changes might affect people but should not take them as cast iron predictions. ...
Chief economist of Bank of England admits errors in Brexit forecasting image
Source : Guardian [Read Article] Thursday 5th of January 2017 08:52:01 PM
....Gove said last week that when he said experts needed to be challenged, he meant economists in particular. In a debate with Stephanie Flanders, the former BBC economics editor, he cited an academic study to support his argument that expert economists were not good at making predictions. ...
Why has the UK economy defied predictions of doom? image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:09:46 PM
.... Post-referendum forecasts for 2016 were quickly shredded by the Bank of England when it became clear that activity had not collapsed. Likewise, predictions for 2017 may also soon be revised upwards. ...
Paris lobby predicts City firms will make decision on moving within weeks image
.... The process is being watched closely by financiers who want to continue to have “passporting” access to the remaining 27 members of the EU. There have been calls for transitional arrangements to give companies time to adapt to the new trading relationships and predictions that banks could make announcements about contingency arrangements in February, when they announce their financial results. ...
Ask an Astrologer: What now for US-China ties? image
Source : BBC [Read Article] Tuesday 3rd of January 2017 05:35:31 AM
....US-China relations under Donald Trump's presidency will be eagerly watched - but how will things pan out?. Karishma Vaswani met an economist and an astrologer in Singapore to get their predictions. ...
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House prices 2017 image
Source : BBC [Read Article] Monday 2nd of January 2017 11:30:29 PM
.... This supply squeeze has meant that, despite all the other pressures on affordability, prices continued to increase. The constraint on supply proved to be more problematic than expected, according to Mr Rubinsohn of Rics, whose prediction of a 6% rise in house prices for 2016 looks to be the most accurate. ...
Shops 'face perfect storm of rising costs and falling spending' image
Source : Guardian [Read Article] Monday 2nd of January 2017 05:57:34 PM
.... In total the industry in the UK employs about 3m people and has 270,000 shops. In its annual predictions for the year ahead, JLL warned that retailers would be hurt by the weakness in sterling leading to an increase in the cost of importing goods. ...
Happy new year? 2017 rings in more commuter misery and higher bills image
Source : Guardian [Read Article] Monday 2nd of January 2017 06:59:18 AM
....HMRC has estimated that just one in five landlords will be affected by the changes, but representative groups have said it will have a devastating impact on their finances. Anyone hoping to buy a house in the coming year will be both heartened and dismayed by some of the latest predictions. ...
Surging stock markets say Trump is a conman and May a phoney | Andrew Rawnsley image
.... No one should be terribly confident that they know anything after a 2016 that confounded the expectations of pundits, pollsters, financial markets and the voters themselves. The only truly robust prediction that I make about 2017 is that sensible people are going to be a lot more cautious about making predictions. ...
Harry Potter and Sherlock Holmes to promote Brexit Britain in 2017 image
Source : Guardian [Read Article] Sunday 1st of January 2017 12:04:40 AM
....7 million visits by year end. This compares with predictions from an independent consultancy, Tourism Economics, which is forecasting a 6. ...
House price growth 'to slow in 2017' image
Source : BBC [Read Article] Wednesday 28th of December 2016 08:17:25 AM
UK house prices to rise marginally in 2017, says Halifax image
Source : Guardian [Read Article] Wednesday 28th of December 2016 12:01:20 AM
.... There is a risk of some price falls in parts of London, particularly in the most expensive central locations, in 2017,” said Halifax’s housing economist, Martin Ellis. Halifax’s prediction is in line with most other leading forecasters. ...
2017 economic predictions: What's on the menu? image
Source : BBC [Read Article] Tuesday 27th of December 2016 01:26:43 AM
UK factories wary of sterling's fall and rising costs in new year image
Source : Guardian [Read Article] Monday 26th of December 2016 04:49:56 PM
....”. The economic news since the vote to leave the EU in June has generally defied gloomy predictions of a sharp slowdown from forecasters like the Bank of England and International Monetary Fund. ...
Business in 2016 image
Source : BBC [Read Article] Saturday 24th of December 2016 02:43:56 AM
....2016 was the year that a decade of bubbling public discontent over the economy boiled over in two dramatic votes. Donald Trump defied almost all predictions to become President of the United States. ...
Post-Brexit deals 'not at price of EU free trade ties' image
Source : BBC [Read Article] Sunday 18th of December 2016 01:08:41 PM
....". Mr Osborne - who lost his job in the cabinet after the referendum - admitted the Remain campaign lacked "some of the authenticity and optimism" of the Leave camp, and focused too much on dire predictions. ...
Will it be a happy new year for your investment funds? image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
....Forecasts made by investment banks such as Goldman Sachs, JP Morgan and Barclays Capital are only marginally better than flipping a coin, and if you hold on to their “hot picks” longer than a few months you will almost certainly lose money, according to new research. Intertrader, a spread betting firm, examined stock predictions from so-called (and highly paid) gurus at 16 investment banks, tracked them over the following 12 months and compared them to the returns on just putting your money into a savings account or a stock market index such as the S&P 500 on Wall Street. ...
Poundland to start selling clothing – but for more than £1 image
Source : Guardian [Read Article] Friday 16th of December 2016 05:50:20 PM
....”. He said Poundland could choose to stop selling items which it did not think were good value and said predictions of inflation in the price of clothing, food and other goods next year was ”slightly hypothesising”. ...
Japan parliament legalises casinos image
Source : BBC [Read Article] Thursday 15th of December 2016 12:38:33 AM
.... . Perhaps a more pertinent question is whether casinos are a good bet or if the profit predictions are wildly over-optimistic. ...
Four lessons from Donald Trump's US election victory image
Source : Guardian [Read Article] Tuesday 13th of December 2016 11:42:09 AM
. Donald Trump’s surprise election as the 45th president of the US has spawned a cottage industry of election postmortems and predictions in the US and abroad. ...
Capita capitalises on robots before new chair Powell powers in | Nils Pratley image
.... The case for the defence is that Capita has suffered a series of unfortunate accidents, such as a Brexit-related slowdown, delays in installing IT for the London congestion zone and upheaval in a recruitment business. Add them all up, though, and Capita, even on the latest prediction, will still make pre-tax profits this year of £515m, only about £100m less than expected in the summer. ...
Capita shares plunge after profit warning image
Source : BBC [Read Article] Thursday 8th of December 2016 09:18:21 AM
....Shares in outsourcing group Capita have fallen more than 14% after the company issued another profit warning and said it would sell assets. Capita said it expected profits of at least £515m this year, down from its prediction in September of £535m-£555m which itself was a downgrade. ...

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