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Will economists ever be as good at forecasting as meteorologists?

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[unable to retrieve full-text content]The UK’s national weather service, the Met Office, is to get a £1.2bn computer to help with its forecasting activities. That is a lot of silicon. My instinctive response was: when do we economists get one? People may grumble about the weather forecast, but in many places we take its accuracy for granted. When we […]

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Will economists ever be as good at forecasting as meteorologists?
The UK’s national weather service, the Met Office, is to get a £1.2bn computer to help with its forecasting activities. That is a lot of silicon. My instinctive response was: when do we economists get one? People may grumble about the weather forecast, but in many places we take its accuracy for granted. When we […]
Tim Harford
Tim is an economist, journalist and broadcaster. He is author of “Messy” and the million-selling “The Undercover Economist”, a senior columnist at the Financial Times, and the presenter of Radio 4’s “More or Less” and the iTunes-topping series “Fifty Things That Made the Modern Economy”. Tim has spoken at TED, PopTech and the Sydney Opera House and is a visiting fellow of Nuffield College, Oxford.

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