Explanations
Ten things to know about economic models
27th July 2016
I find making predictions really tough, especially when they concern the future! With that in mind, I really liked this short but very accessible summary of ten limitations of macroeconomic modelling published by the FullFact team a few weeks back - a good resource for students to consider when evaluating the usefulness of forecasting!
Click here for Ten things to know about economic models
And then click here for the latest Bank of England projections for the UK economy - forecasting is a whole lot tougher given the numerous economic and geo-political uncertainties we face at the moment.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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