4 ms·
If this model were actually accurate, Zandi would be sitting on a throne of gold.
by m0th87 14y ago
If this model were actually accurate, Zandi would be sitting on a throne of gold.
- dpcx 14y agoWhile true, I'm still interested in how a model with this many variables is created and run. It seems rather difficult (read: impossible) to model a global economy in my opinion.
- m0th87 14y agoAgreed. There's no way he's getting accurate results.
- GFKjunior 14y agohttp://en.wikipedia.org/wiki/Econometrics http://en.wikipedia.org/wiki/Econometrics Econometrics is the science of modeling the economy. But like you said it's pretty much impossible to get calculations correct.
- mynameishere 14y agohttp://en.wikipedia.org/wiki/System_dynamics http://en.wikipedia.org/wiki/System_dynamics The graphs there give you an idea. Just imagine them with 1700 inputs and many 1000s of interactions.