Word: guesswork
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Dates: during 1980-1989
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...guesswork, if history be any guide, is unlikely to be productive. After all, Thomas Graves would never recognize the wilderness where he built his house.Police clashed with student anti-war protesters throughout the late '60s and early '70s. The violence flared in the summer...
...logic is exhilarating, but a Catch-22 struck hard. The ease of substitution parameter does not represent a behavioral assumption to guide projections; it is not a figure graven in stone, but an empirical result determined from historical data. Projecting the ease of substitution trend into the future is guesswork--nothing more, nothing less. Depending on the figure chosen, the model could predict either economic disaster or conservation harmlessly reducing national energy needs...
Goldberg called the figures "guesswork," but told reporters they would have to wait six weeks before he would open his books for their inspection. "I will certainly allow journalists to examine my records at that point, but it is too early now to get any firm idea," Goldberg said...