> The point this really drives home is that the budget theater that has been going on for the past few years is entirely unnecessary.
Translation(?): the econometric models used to measure the length of the road were off by a little bit, we have more time to kick the can.
Econometric models are descriptive in any case (they are measuring quantities that are based on the human actions causing those metrics, those metrics are not controlling those behaviors), past performance is no guarantee of future behavior.
Translation(?): the econometric models used to measure the length of the road were off by a little bit, we have more time to kick the can.
Econometric models are descriptive in any case (they are measuring quantities that are based on the human actions causing those metrics, those metrics are not controlling those behaviors), past performance is no guarantee of future behavior.