Yes, your fantastic model will reproduce all sorts of stuff and will be great at forecasting—for some time, maybe even a long time—, but I will always be able to find some features of reality that will be of some relevance to some people that your model does not capture (as long as it is a model and not a perfect reproduction of reality itself, which I am not sure I would refer to as a model).
Share this post
Tractability and scope
Share this post
Yes, your fantastic model will reproduce all sorts of stuff and will be great at forecasting—for some time, maybe even a long time—, but I will always be able to find some features of reality that will be of some relevance to some people that your model does not capture (as long as it is a model and not a perfect reproduction of reality itself, which I am not sure I would refer to as a model).