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LTV on its own shows very little predictive value in the real world. Which is why it isn't used. Marginal economics explains and models a lot things we see in
by UK-Al05 6y ago
LTV on its own shows very little predictive value in the real world. Which is why it isn't used.
Marginal economics explains and models a lot things we see in reality.
I'm much more likely to believe a model that has predictive ability.
- freshhawk 6y agoLeaning on the predictive power of "the dismal science" isn't a strong base to argue from.
- confidantlake 6y agoI agree with that predictive ability is important but I have seen no evidence that marginal economics has predictive ability. You yourself even say it "explains and models" which is not the same as predicts.