Its not like the classical models are any good in terms for performance in real situations, as they have proven to be unable to predict anything over the past 40 years better than a basic linear extrapolation from the trend would have.
Current macro-economics models are arguably not much better than a broken clock in terms of predicting power.
alt Hacker News
Its not like the classical models are any good in terms for performance in real situations, as they have proven to be unable to predict anything over the past 40 years better than a basic linear extrapolation from the trend would have.
Current macro-economics models are arguably not much better than a broken clock in terms of predicting power.