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LyToucan's avatar

Where do I see these macro predictions from macroeconomists?

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Overcoming Bias Commenter's avatar

"It is a complex process with multiple variables all of which interact with each other making predictions as much art as science."

I've seen this line throughout my schooling and professional life. Is it anything more than bullshit? Would we be more accurate to use the latest language of cognitive science and say "as much system 1 intelligence as system 2 intelligence"? Or alternatively, is what a line like this really means "as much bullshit as science"? Where, and what, is the non-science art that helps increase predictive accuracy?

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