MIT IDS.333 Risk and Decision Analysis, Fall 2021 - Unit 2: The Forecast is "Always" wrong, Video 4: Common Forecasting Process Inherently Flawed

"MIT IDS.333 Risk and Decision Analysis, Fall 2021 Instructor: run the forecasts 'off the road'' View the complete course: https://ocw.mit.edu/courses/ids-333-risk-and-decision-analysis-fall-2021/ YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62jwhTqp8_1kwrkDkxZhpQC Common forecasting processes in great part project past trends into the future. This approach inherently fails to deal with the inevitable political, economic, and technological 'game changers.'' This video has been dubbed using an artificial voice via https://aloud.area120.google.com to increase accessibility. You can change the audio track language in the Settings menu. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments."