The Model for Prediction or Forecasting
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Read Adam Hartung’s article, “President Obama’s Miracle Market – and Why Wall Street Forecasters Blew Their 2013 Predictions? (Links to an external site.)” Based on the information presented in the article, discuss the following:
What is econometric prediction or forecasting?
Why is econometric prediction or forecasting difficult and/or inaccurate in the real business world?
https://www.forbes.com/sites/adamhartung/2014/01/15/president-obamas-miracle-market-and-why-wall-street-forecasters-blew-their-2013-predictions/?sh=7cd47f21f635
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