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Uncertainty Bands: A Guide to Predicting and Regulating Economic Processes

Uncertainty Bands: A Guide to Predicting and Regulating Economic Processes

Paperback

Series: Anthem Impact

Business GeneralGeneral Political ScienceProbability & Statistics

ISBN10: 1839983981
ISBN13: 9781839983986
Publisher: Anthem Pr
Published: Jun 14 2022
Pages: 102
Weight: 0.36
Height: 0.25 Width: 6.00 Depth: 9.00
Language: English

This book explores the philosophy of economic forecasting under uncertainty. In economics the extreme events are difficult and often impossible to predict, especially when leaning upon the past only. Events can be approximately evaluated, as they may be sudden and erratic. The presentation of programs for years ahead is of little value because the uncertainty intervals expand when economic volatility increases, forming uncertainty bands. This book presents the effect of an expanding uncertainty band.

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Business General