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Anonymous asked: How do you recommend improving analysis of an economical situation? :O

Anonymous asked:

How do you recommend improving analysis of an economical situation? :O

 

  1. Look at all possible variables that are currently known, and list them.
  2. Look at all possible variables that are unknown, and list them.
  3. Identify unknown variables you can estimate or infer values of, using other information.
  4. Apply models you currently know.
  5. Identify unknown variables you cannot estimate or infer values of, and theorise on unknown variables you have not been able to identify.
  6. Theorise on the effects they may have, thus showing the limitations of your analysis.
  7. Identify the assumptions you have made in the analysis, thus showing the limitations of your analysis.
  8. Test your model by looking at past case studies, and test its predictive capabilities with real life.
  9. Identify where your model/system fails and try to improve it.