Dr. Ghulam Mohey-ud-din, Principal Economist
In the world of economics, where theories meet real-world applications, the ability to accurately analyze and predict market behaviors has always been paramount. But let’s face it — traditional statistical methods, while foundational, are becoming increasingly inadequate in capturing the
Economic forecasting is a cornerstone of strategic decision-making in business, government, and finance. However, despite advancements in data analytics, many economic forecasts miss the mark, sometimes with significant consequences. This article delves into the reasons why even seasoned data analysts
Think of an orchestra where the instruments are slightly out of tune, the conductor occasionally loses the rhythm, and the musicians sometimes play their own compositions. This, my friends, is what an imperfect market looks like — a chaotic yet
Understanding the evolution of economics as a discipline involves delving into the theories of scientific progress. Two prominent figures in this debate are Thomas Kuhn and Larry Laudan. Kuhn’s paradigm shifts and Laudan’s research traditions offer contrasting yet insightful frameworks