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Forecasting the Yield and the Price of Cotton (Classic Reprint) - Couverture souple

Ludwell Moore, Henry

 
9781331897545: Forecasting the Yield and the Price of Cotton (Classic Reprint)

Synopsis

Forecasting the Yield and the Price of Cotton (Classic Reprint)

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Présentation de l'éditeur

An eminent economist has recently told us that economists no longer talk so confidently as they once did of forecasting social phenomena, and that, confronted with the complexity of social relations, the sober-minded investigator will be slow in laying too much stress on single causes, slow in generalization, slowest of all in prediction. An equally distinguished statistician has warned his colleagues of the dangers of using refined mathematical methods in the treatment of the loose data supplied by our official bureaus. These are authoritative warnings, and I have not been unmindful of them as the successive theses of this Essay have been developed. But the ultimate aim of all science is prediction; the most ample and trustworthy data of economic science are official statistics; and the only adequate means of exploiting raw statistics are mathematical methods. The statistical devices used in the treatment of our problem of forecasting prices were, for the most part, invented, for another purpose, by Professor Karl Pearson, and rest upon the theory of probabilities.
(Typographical errors above are due to OCR software and don't occur in the book.)

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Présentation de l'éditeur

This is a pre-1923 historical reproduction that was curated for quality. Quality assurance was conducted on each of these books in an attempt to remove books with imperfections introduced by the digitization process. Though we have made best efforts - the books may have occasional errors that do not impede the reading experience. We believe this work is culturally important and have elected to bring the book back into print as part of our continuing commitment to the preservation of printed works worldwide. This text refers to the Bibliobazaar edition.

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