Forecasts can also be useful without error bars. Sometimes all one needs is a point prediction to inform actions.
But sometimes full knowledge of the predictive distribution is helpful or needed to make good decisions.
"Point forecasts will always be wrong" - true that for continuous data but if you can predict that some stock will go to 2.01x it's value instead of 2x that's still helpful.
"Point forecasts will always be wrong" - true that for continuous data but if you can predict that some stock will go to 2.01x it's value instead of 2x that's still helpful.