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What is econometric prediction or forecasting why is

Read Adam Hartung's article, "President Obama's Miracle Market - and Why Wall Street Forecasters Blew Their 2013 Predictions?" Based on the information presented in the article, discuss the following:

What is econometric prediction or forecasting?
Why is econometric prediction or forecasting difficult and/or inaccurate in the real business world?

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Business Management: What is econometric prediction or forecasting why is

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Business Management: What is econometric prediction or forecasting why is

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