Comment on Even If You're All-Powerful, It's Hard To Fix The EconomyparentComments−dpcx13yWhile true, I'm still interested in how a model with this many variables is created and run. It seems rather difficult (read: impossible) to model a global economy in my opinion.−GFKjunior13yhttp://en.wikipedia.org/wiki/EconometricsEconometrics is the science of modeling the economy. But like you said it's pretty much impossible to get calculations correct.−mynameishere13yhttp://en.wikipedia.org/wiki/System_dynamicsThe graphs there give you an idea. Just imagine them with 1700 inputs and many 1000s of interactions.−m0th8713yAgreed. There's no way he's getting accurate results.
Comments
While true, I'm still interested in how a model with this many variables is created and run. It seems rather difficult (read: impossible) to model a global economy in my opinion.
http://en.wikipedia.org/wiki/Econometrics
Econometrics is the science of modeling the economy. But like you said it's pretty much impossible to get calculations correct.
http://en.wikipedia.org/wiki/System_dynamics
The graphs there give you an idea. Just imagine them with 1700 inputs and many 1000s of interactions.
Agreed. There's no way he's getting accurate results.