The Evolution of Forecasting: Weather and Economics

This chapter explores the historical development of weather forecasting, tracing its roots from ancient Mesopotamia to modern advancements in accuracy. It draws striking parallels between weather and economic forecasting, emphasizing the complexities and challenges inherent in predicting both fields. Through discussions on modeling and the impact of the COVID-19 pandemic, it highlights the potential for improved predictions by recognizing key patterns and criteria in economic behavior.