Forecasting, guesswork and conjecture

Forecasting: the job or activity of judging what is likely to happen in the future, based on the information you have now Guesswork: the process of making a guess when you do not know all the facts Conjecture: a guess about something based on what it seems and not on proof Who's the best guesser? It is incredible how many column inches and how much airtime is given to people who guess things for a living. And yes, that includes fund managers.  Those guesses can be reinterpreted as predictions, forecasts or, more dismissively, as conjecture (the definitions above show that ther...