It is the business of science to predict. An exact science like astronomy can usually make very accurate predictions indeed. A chemist makes a precise prediction every time he writes a formula. The nuclear physicist advertised to the world, in the atomic bomb, how man can deal with entities so small that they are completely beyond the realm of sense perception, yet make predictions astonishing in their accuracy and significance. Economics is now reaching a point where it can hope also to make rather accurate predictions, within limits which this study will explain.Complete with more than 150 grafts and charts.Wilder Publications is a green publisher. All of our books are printed to order. This reduces waste and helps us keep prices low while greatly reducing our impact on the environment.
This was an interesting read but I found the language a bit stodgy at times and due to the 1947 release the data was outdated. On a positive note it has given me a new perspective on data interpretation and prediction in business.
A bit dated but a good introduction to the phenomenon of cyclical trends that tend to manifest themselves in... everything, hence providing a view to the actual order of things inherent in the world as opposed to the everyday experience that may seem punctuated with seemingly random and chaotic events. A concept applicable to those interested in coming to a clearer understanding of how the universe functions. Actual discussion of applicability toward prediction is a bit light so the full title of the book is a bit beguiling in that regard. But it does serve as good primer on moving averages and ratio scales which are good tools to apply to reams of data.