Evaluate the following statement: It is easier to build an economic model that accurately reflects events that have already occurred 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?
Posted: March 16th, 2017
Do you think that this is true or not? Why? What does this imply about the difficulties of building good economic models?
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