What a testament to "Often wrong, never in doubt."
Forecasts used to say China would quickly overtake US GDP, but that's no longer the case pic.twitter.com/5ylbnI3Nd4
— Stefan Schubert (@StefanFSchubert) July 15, 2023
Forecasting dynamic, complex, log sensitive, chaotic systems is untenable but we do it anyway, sometimes to useful purpose. But always, we should keep these type of results in mind. Often wrong, never in doubt should not be true, but it is.
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