Re:Ask HN: Economics 101 for Entrepreneurs
by ianai on Wednesday August 31, 2022 @09:00AM
(#32661513)
Not sure on a book for you on this, but one central tenet useful to entrepreneurs would be the limited scope of regression models. If the underlying data don’t reflect the situation being modeled then the model is possibly wildly incorrect. This seemed critical to the failure of the underlying models that fouled up the financial instruments of the Great Recession.
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