Economists can forecast with accuracy in the short-term; forecasting with accuracy in the long-term is very problematic.

Name: Economists can forecast with accuracy in the short-term; forecasting with accuracy in the long-term is very problematic.
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Question

Quizplus · Accepted Answer

Economists can make short-term forecasts based on current trends and available data, but long-term forecasts are influenced by a larger number of variables that are difficult to predict, making accuracy more challenging.

Economists Can Forecast with Accuracy in the Short-Term; Forecasting with Accuracy