Why is macroeconomic forecasting so difficult? Does this difficulty mean economics is a worthless field of study?

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Macroeconomics

ISBN: 9780134167398

9th Edition

Authors: Andrew B. Abel, Ben Bernanke, Dean Croushore

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Question Posted: Apr 16, 2024 02:01 AM

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Why is macroeconomic forecasting so difficult? Does this difficulty mean economics is a worthless field of study?

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Macroeconomic forecasting is notoriously challenging due to several intrinsic and practical factors Complexity and Interdependency The economy is natu...View the full answer

Macroeconomics

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