Economic forecasting can frequently be inaccurate because of changing numbers and human bias or, as Yogi Berra reputedly said, “It’s tough to make predictions, especially about the future.”
Mashed Potatoes could be a good way to decide the direction of consumer spending. Where are we going? To consumer spending indices. The Mashed Potato Index (MPI) A pound container of mashed potatoes will cost you $4 at Stew Leonard’s, a NY…
Unpredictable human behavior for Colorado marijuana sales is but one example of why economic forecasting for tax revenue and GDP is inaccurate.
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