Macro forecasts are generally much easier than those tied to specific technologies. We can be much more specific & confident about predicting next year's inflation rate than next year's ChatGPT+ pricing, for example.
Macro forecasts are generally much easier than those tied to specific technologies. We can be much more specific & confident about predicting next year's inflation rate than next year's ChatGPT+ pricing, for example.
Yup a lot micro factor in aggregate all average/cancel/smoothen out at macro levels, which is why effects at macro levels are more muted and much more predictable