Answered: Which would be more difficult to…

Which would be more difficult to forecast 10 years fromnow: the number of 60-year-olds or their average disposable income? Why?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Savings,investment And The Financial System

Section: Chapter Questions

Problem 4QR

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Question

Which would be more difficult to forecast 10 years from
now: the number of 60-year-olds or their average disposable income? Why?

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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