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What is the difference between rational expectation and adaptive expectation?
Rational expectation are expectation formed by individuals based on past experience and on their predictions about the effects of present and future policy actions. Adaptive expectations are based only on the past and expected inflation changes slowly. by marowe f.m.
What is predicting future dollars quantities and outputs based on expected requirements and or workload?
Forecasting
What is the difference between a mercantile system and a free enterprise system?
Capitalism allows businesses to operate without regulation, while mercantilism is based on strict government control over economies. [APEX]
What does choice based lettings mean?
Choice based lettings allows persons to apply for housing based on certain criteria which they prefer. Persons apply and then bid for homes which they would like to rent.
Foreign exchange rates refer to the?
A straight answer for your question is the economy of the currency based on present, past and future perspective.
For what is future trading software used?
The purpose of future trading software is that it allows traders to make predictions based on detailed statistics of how a certain stock will behave. It allows traders to properly manage their investors' funds and make their investors profits by minimizing risks.
What will happen in the future based on past experience or evidence is called?
Predictions.
How are infernses and predictions different?
Inferences are conclusions drawn from evidence or reasoning, often based on existing knowledge or data, and can apply to broader contexts or concepts. Predictions, on the other hand, are specific forecasts about future events based on current data or trends. While inferences can inform predictions, predictions are inherently time-bound and focused on anticipated outcomes. Essentially, inferences interpret past or present information, while predictions project into the future.
Is there a website that predicts the future in stock prices?
There are many websites that offer to predict future stock prices. Predictions are based on previous stock price movements and past returns. These predictions, however, are not very accurate.
What do the words of the prophets reveal about the future?
The words of the prophets provide insights and predictions about what may happen in the future based on their spiritual beliefs and observations.
Why are is there even a 'predictions' category on Wikianswers when most of the answers in that category are speculations?
Questions about future events, like who will win the Super Bowl or when the world will end can only be answered with predictions. Often, those predictions are based on evidence and facts, but sometimes they are someone's opinion. The Predictions category is a place where questions about future events are gathered together to be answered.
What statistical technique is used to make predictions of future outcomes based on present data?
The statistical technique commonly used to make predictions of future outcomes based on present data is regression analysis. This method analyzes the relationship between a dependent variable and one or more independent variables to identify trends and patterns. By fitting a model to the existing data, regression allows for the estimation of future values based on current information. Various types of regression, such as linear, logistic, or polynomial, can be employed depending on the nature of the data and the specific prediction goals.
If you have the ability to predict the future how can you enhance this ability?
If you wish to become better at predicting the future, the best advice I could give would be for you to be as well informed as you can, about anything which is relevant to the predictions you wish to make. Accurate predictions are based on accurate information and intelligent analysis of that information.
What are generalizations that are useful in making predictions based on data?
Predictions
How is experimental probability used to make predictions?
Experimental probability is used to make predictions by analyzing the outcomes of repeated trials of an event. By calculating the ratio of the number of times a specific outcome occurs to the total number of trials, one can estimate the likelihood of that outcome happening in future events. This empirical approach allows for more informed predictions based on actual data rather than theoretical assumptions. As the number of trials increases, the experimental probability tends to converge toward the theoretical probability, enhancing the reliability of predictions.
Is a broad idea can be used to make predictions about future observations?
Yes, a broad idea can be used to make predictions about future observations, especially when it is based on established patterns or principles. By applying general concepts or theories, one can form hypotheses that guide expectations about future outcomes. However, the accuracy of these predictions often depends on the quality of the underlying data and the relevance of the broad idea to the specific context. Thus, while broad ideas can provide a framework for predictions, they should be refined with specific information for better accuracy.
How do you inference and predictions differ?
Inference is based on something while prediction isn't. Inference is based on logic or statistics, something reasonable. Prediction is a way of telling the future without a basis.
