Asked by Robert Stevens
Evaluate the following statement: "It is easier to build an economic model that accurately reflects events that have already occured than to build an economic model to forecast future events. "Do you think that this is true or not? Why? What does this imply about the difficulties of building good economic models?
Answers
Answered by
SraJMcGin
Well, if you know what WAS, it's easy to build on that. If you are projecting into the future and you don't know what WILL be, you have to use your creativity and imagination.
Sra
Sra
Answered by
FaZe Fatality
awesome
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