The scorecard is very mixed and there've been some democratic systems that have been extremely resilient and robust at anticipating it and some that have got it wrong.
Manufacturers, setting industry in motion to provide for a scale of consumption which is expected to prevail some months later, are apt to make minor miscalculations, generally in the direction of running a little ahead of the facts.
The researchers told participants they were being grouped based on their ability to estimate things correctly or incorrectly; but in reality, the groups were totally random.
The Luftwaffe had more planes than Britain, but the Germans miscalculated how many planes Britain had, as well as their fighting spirit to save their homeland.
Astronomers concluded that we were wrong about the size and evolution timeline of Betelgeuse by studying its fundamental and overtone modes of pulsations.