Some articles on empirical forecasting, empirical, forecasting:
... Empirical macroeconomic forecasting models, being based on roughly the same data, had similar implications they suggested that unemployment could be ... was just one example of a general problem with empirical forecasting models ... one cannot predict the effects of a new policy regime using an empirical forecasting model based on data from previous periods when that policy regime was not in place ...
Famous quotes containing the word empirical:
“To develop an empiricist account of science is to depict it as involving a search for truth only about the empirical world, about what is actual and observable.... It must involve throughout a resolute rejection of the demand for an explanation of the regularities in the observable course of nature, by means of truths concerning a reality beyond what is actual and observable, as a demand which plays no role in the scientific enterprise.”
—Bas Van Fraassen (b. 1941)