2. This chapter contains two views of the future. Since the validity of these views cannot be...

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2. This chapter contains two views of the future. Since the validity of these views cannot be completely tested until the time period covered by the forecast has passed (so that predictions can be matched against actual events), how can we ever hope to establish in advance whether one is a better view than the other?

What criteria might be proposed for evaluating predictions?

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Environmental And Natural Resource Economics

ISBN: 9781315523965

10th Edition

Authors: Thomas H Tietenberg, Lynne Lewis

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