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On the Reasonableness of Regressive Expectations - Softcover

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9781333772178: On the Reasonableness of Regressive Expectations

Synopsis

This book examines the long-held assumption that business anticipations extrapolate current trends and posits that this assumption is inaccurate. The author presents evidence that businessmen consistently tend to forecast a reversal of that trend this phenomenon is called 'regressivity'. The author explores the reasons for this tendency, examining different explanations as well as implications for the broader economy. This book will appeal to academics and businesspeople alike, offering valuable insights into the field of economics and business forecasting.

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