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41. The Folly of Prediction

Freakonomics Radio

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How to Estimate Corn Yield

The USDA doesn't use forecasts. It uses historic averages instead. Weather remains so hard to predict in the long term that the USDA doesn't even use forecasts. So this sounds pretty straightforward, right? Compared to predicting something like the political or economic future, estimating corn yield based on constant physical measurements of corn plants is pretty simple. Except for one thing: The weather.

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