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Excerpt from On the Reasonableness of Regressive Expectations
Several attempts have been made to find explanations of such inaccuracy and, in particular, of such seemingly improbable regressivity in the forecasts. Since most analysts have presumed that expectations used in businessmen's Operw ations and planning cannot actually be consistently regressive, they have found themselves in the position of having to explain.away the observed evidence for regressiveness in the aggregated forecasts. Their explanations have consequently argued that such regressiveness is introduced into the expectations either by biases in.the design or administration of the survey or by confusion among the respondents about the base from which they forecast change.l Thus Ferber [22.
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Paperback. Zustand: New. Print on Demand. This book examines the long-held assumption that business anticipations extrapolate current trends and posits that this assumption is inaccurate. The author presents evidence that businessmen consistently tend to forecast a reversal of that trend this phenomenon is called 'regressivity'. The author explores the reasons for this tendency, examining different explanations as well as implications for the broader economy. This book will appeal to academics and businesspeople alike, offering valuable insights into the field of economics and business forecasting. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781333772178_0
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