the shill wrote:
Citizen Runner wrote:The difficulty with hindcasting is that going back in time relevant source data becomes unavailable or unreliable.And of course forecasting is LESS difficult than hindcasting because one is less constrained by not knowing the unknowns...
Sorry, cheap shot I know, couldn't resist. :-)
Forward projections are made with an explicitly specified set of assumptions which may or may not be actualized and with error margins increasing with time. Flawed as the process may be the alternative is uninformed and perhaps wishful thinking.