How to know if where you live is “up and coming”: fried chicken vs. coffee shops

Re:How to know if where you live is “up and coming”: fried c... by discardorama on Thursday October 15, 2015 @12:31PM (#10394124)

Why not try a backtest? Pick a point in time (say, Jan 1, 2011). Pick another data point (say, Jan 1 2015). See which variables explain the rise in house prices the best?

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Re:How to know if where you live is “up and coming”: fried c... by Igglyboo on Thursday October 15, 2015 @12:59PM (#10394315)

Because past behavior is not indicative of future behavior.

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Re:How to know if where you live is “up and coming”: fried c... by OrwellianChild on Thursday October 15, 2015 @01:41PM (#10394647)

If the prediction works forward, it should be backward predictive too... That's not a sufficient condition, but it is necessary to validate the predictive power, provided assumptions haven't changed in the time period being tested.

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Re:How to know if where you live is “up and coming”: fried c... by pixl97 on Thursday October 15, 2015 @03:48PM (#10395501)

Which is why economics is not a science.

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Re:How to know if where you live is “up and coming”: fried c... by lotyrin on Thursday October 15, 2015 @03:33PM (#10395410)

Never?

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