Word: prediction
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...Recently, models have become an increasingly popular way to predict outcomes in a variety of arenas. Most notably, this applies to economic research. Drawing from both times of boom and bust, investment firms have built detailed models to predict the behavior of specific stocks and markets as a whole. These models are driven by cutting-edge mathematical research on topics ranging from game theory to risk calculations. Perhaps less publicly, many have tried to use similar models in international politics, convinced that several of the insights from market research can help illuminate how political actors make decisions...
...core of financial markets, Greenspan felt the need to remind the audience of the FT that despite the amazing complexity of existing models and their relative success for many years, the very fact that they are an abstraction of reality makes it impossible for them to flawlessly predict where the market will go tomorrow. They will perhaps work as they claim, but there is a chance–if small–that they will not. And it all comes down to the human factor. According to Greenspan, “the innate human responses that result in swings between...
...degress fahrenheit and 1.62 degress fahrenheit—a steep increase considering that during the last ice age the globe was only 9 degress fahrenheit to 15 degress fahrenheit cooler than today. Global warming has already caused sea levels to rise between four and eight inches, and experts predict that if the Greenland ice sheet melted, it would submerge significant parts of many coastal cities around the world , including nearby Boston...
...saying the same will happen with China. Past performance doesn't help us predict the future. But if the U.S. economy didn't tumble 20 years ago because the Japanese sold a lot of cars and consumer electronics, it is highly likely that America's future won't be ruined by the consumer products exported by China today...
...European Environment Agency, which advises the European Commission, has recommended that the E.U. suspend its 10% biofuels target, calling it an "overambitious experiment whose unintended effects are difficult to predict and difficult to control...