Discover how economists' assumptions shape economic models, affecting predictions about consumer behavior, resource ...

The word “assume” means “to take for granted; suppose.” Most estimating departments are fast-paced environments, which requires the estimator to read many specifications in a short period of time. You ...

We all make assumptions in life. In fact, there are some who say that most of life is comprised of assumptions. By assuming that doing “X” will result in “Y,” we look to explain and to predict events ...

The May WASDE report is the first look at the new crop balance sheets. As old crop demand continues to be an area of concern, much of the trade was watching to see how aggressive USDA would be with ...

Over the past year, it seemed plausible that we had turned the corner, and I optimistically assumed that the pandemic was making its final curtain call. Then came the COVID Omicron BA.1 variant, ...