Brian Cowen and Brian Lenihan are making headlines for all the wrong reasons. Cowen, because of the over-reaction to the nude portraits story. Judging by public opinion, it would appear that the original story would have received less coverage if RTÉ weren't asked to apologise, and if the Gardaí didn't question Will Hanafin of Today FM.
The government should and do have more to worry about than a couple of paintings. The €3 billion fall in tax revenue - for example. The worst part of that story is that the incorrect figures were only projected in January.
One aspect of Business Intelligence software is predictive analytics which can be used to make forecasts based on historical data. Perhaps the Government could use some.
But to be fair, predictive analytics can only be as good as the data set available for analysis. My guess is that any data set available to the government is of no use to them. The data sets don't contain the patterns we're seeing today and so can't be used to make predictions to any realistic degree of accuracy. We're in unchartered water. One thing seems to be certain though: whatever figures the government come up with, the reality will be worse. At least for the foreseeable future.
B
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