Friday, June 07, 2013

Forecast That.... !


"VaR" - (Vacuous and Robust !)


 "The best economists are well aware of their ignorance."

- Noah Smith



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3 comments:

  1. AnonymousJun 7, 2013, 7:43:00 AM

    Multiple Choice Question:

    Who is most frequently correct with their Vacuous and Robust forecasts:

    A) NCUA Chief Economist;
    B) The Weatherman;
    C) Broken Clock.

    ReplyDelete
  2. Stuart PerlitshJun 7, 2013, 10:51:00 AM

    The broken clock is correct at least twice a day.

    ReplyDelete
  3. AnonymousJun 7, 2013, 10:51:00 AM

    So are you suggesting that Adam Smith has something to be concerned about if the Economists at NCUA ever admit to their ignorance?

    ReplyDelete