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Will computers ever be able to accurately predict the economy?
05-08-2013, 08:33 AM
Post: #3
 
Predicting the economy is impossible because (at least in a capitalist environment on developed nations) it is dictated by what people do, and that is controlled in large part by whimsical considerations. It could be easily done in poor third world countries where the economy is dictated by necessities i/e food, clothing and shelter. But in developed nations almost an impossibility, take for instance Apple as a company and it's products, Apple is worth as of today $466 billion, and last year it sold products worth $127,841,000,000.00 now, if you think about it, there is nothing Apple does that people can't live without. So, how could an artificial intelligence account for the $127 billion in goods sold by a company worth almost half a trillion when nothing of what it sells is necessary?

And that is only one of very many such companies, of course, not all as large. The economy of developed nations is in large part controlled by whimsical desires, exuberant greed and some fear.
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[] - Spotty J - 05-08-2013, 08:26 AM
[] - r1b1c* - 05-08-2013 08:33 AM

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