After updating, the model discovered a short period cycle resulting in a much better overall fit. Had the model not converged, it would have been thrown out. There is still a high discrepancy between the actual and predicted price, though not quite large as before.
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Vedere cosa succede!!!!!!!!
ReplyDeleteHow the heck can any model account for can kicking??? This has got to be the: Age of Artificial Stimulus and Hopium Response. This can't possibly end well.
ReplyDeleteIt can't. But it is a model of reality - so if reality becomes surreal, I guess it might indicate just that...
ReplyDeleteOne of my favorite writers is Carlo Cipolla, an Italian economist. He wrote a short but classic tract called The Basic Laws of Human Stupidity The last paragraph was a hoot when I first read it many years ago. In the current sociopolitical and economic context, it's not as humorous!