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Isn't there reams of data on weather patterns too? I thought that like the weather, economic systems are fundamentally chaotic and thus demonstrably unpredictab
by threethirtytwo 10mo ago
Isn't there reams of data on weather patterns too? I thought that like the weather, economic systems are fundamentally chaotic and thus demonstrably unpredictable. There's a whole field of math where we can create these mathematical models that simulate chaos and are fundamentally unpredictable. I was under the impression that Economics falls under the purview of this mathematical theory in terms of unpredictability.
If I may ask, who are the people that do these predictions? What is there methodology and how do you know it's not luck?