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Scaling Theory cover image

#4 – Doyne Farmer: Chaos Theory & Complexity Economics

Scaling Theory

NOTE

Robust Prediction Based on Data Analysis

The speaker's prediction, based on data analysis over 14 years, showed a strong linear scaling relationship between traffic level and rate of price improvement in the world. While the observation was at an industry level due to data limitations, the prediction was nearly perfect and robust, suggesting potential for even better accuracy at a granular level.

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