Mispredict

To incorrectly forecast or estimate a future event, outcome, or trend; to fail in the ability to accurately anticipate what will happen. This can involve errors in forecasting based on incomplete data, flawed analysis, or unforeseen variables. The consequence of a misprediction can range from minor inconvenience to significant financial losses or strategic failures, depending on the context. It implies an active attempt to predict, followed by a divergence between the prediction and the actual reality. The accuracy of a misprediction can be measured quantitatively (e.g., percentage error) or qualitatively (e.g., degree of severity of the unexpected outcome).

Mispredict meaning with examples

• Economists often mispredict economic downturns, leaving businesses unprepared. The report was a complete disaster and a misprediction of consumer behavior, resulting in a drastic shortage of supplies, and a significant increase in prices. Their previous record meant the company’s experts were shocked by how much they mispredicted the upcoming events in that situation.
• The weather forecast mispredicted a sunny day, so we packed for rain and it rained heavily on what we did to prepare for the day and we were very disappointed to encounter something different to the expert opinion. This led to much sadness. So next time we will double-check to avoid the issues of the past.
• Analysts in the tech sector constantly mispredict which startups will succeed, leading to risky investments. When the team made this misprediction, it cost the company millions of dollars, because they were so sure that it was accurate.
• Due to changes within the global landscape the government mispredicted voter turnout, influencing their election strategy, leaving them severely under-prepared. Their team and the analysis tools were designed for something else, so in hindsight, they should not have proceeded in that direction.
• Historical figures frequently mispredict the consequences of their actions, which changed history itself in many cases. Such a thing is common and understandable but it does lead to many disasters throughout history and often results in many deaths. This is the tragedy of many leaders.