Professor Sir David Hendry, Director of the Programme on Economic Modelling in INET@Oxford, explains that while models might not always lead to accurate predictions, they can help get you back on track after a crisis.
Do better economic models lead to more accurate forecasting?
17 April 2013
with Professor Sir David Hendry
Professor of EconomicsDavid F. Hendry, Kt, is Deputy Director, Climate Econometrics (formerly Programme for Economic Modelling), Institute for New Economic Thinking at the Oxford Martin School and of Climate Econometrics and Senior Research Fellow, Nuffield College, Oxfor...