What criteria might be proposed for evaluating predictions


Problem

This chapter contains two views of the future. Since the validity of these views cannot be completely tested until the time period covered by the forecast has passed (so that predictions can be matched against actual events), how can we ever hope to establish in advance whether one is a better view than the other? What criteria might be proposed for evaluating predictions?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What criteria might be proposed for evaluating predictions
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