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On Prediction

Jan Cramer

No 293050, University of Amsterdam, Actuarial Science and Econometrics Archive from University of Amsterdam, Faculty of Economics and Business

Abstract: Hemelrijk's definition of random variables as completely unpredictable phenomena is contrasted with the practice of prediction in the face of uncertainty. General observations on the latter, and on the conflict between the conditional predictions supplied by scientific research and the unconditional predictions needed by policymakers.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 13
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:ags:amstas:293050

DOI: 10.22004/ag.econ.293050

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