Price of petroleum

Analysis of financial terms being searched on Google can be used to predict the direction of the stock market. (Photo by Chris Hondros/Getty Images)

Study: Forecasters Are Bad At Forecasting

According to The Washington Post, a new study by the research team at Goldman Sachs found “that the forecasts tend to underestimate the outcome for several months in a row, and then overestimate it for several months in a row.”