What does this imply about difficulties of building models, Macroeconomics

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What does this imply about difficulties of building models

Problem

Evaluate the following statement: "It is easier to build an economic model that accurately reflects events that have already occurred than to build an economic model to forecast future events." Do you think this is true or not? Why? What does this imply about the difficulties of building good economic models?

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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Macroeconomics: What does this imply about difficulties of building models

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Macroeconomics: What does this imply about difficulties of building models

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