Instructions

Read the following passage and answer the questions given after it.

Nearly two thousand years have passed since a census decreed by Caesar Augustus became part of the greatest story ever told. Many things have changed in the intervening years. The hotel industry worries more about overbuilding than overcrowding, and if they had to meet an unexpected influx, few inns would have a manager to accommodate the weary guests. Now it is the census taker that does the travelling in the fond hope that a highly mobile population will Stay put long enough to get a good sampling. Methods of gathering, recording and evaluating information have presumably been improved a great deal. And where then is the modest purpose of Rometo obtain a simple head count as an adequate basis for levying taxes, now batteries of complicatedstatistical series furnished by govenmental agencies and private organizations are eagerly scanned and interpreted by sages and seers to get a clue to future events. The Bible does not tell us how the Roman census takers made out, and as regards our more immediate concern, the reliability of present day economic forecasting, there are considerable differences of opinion. They are aimed at the celebration of the 125th anniversary of the American Statistical Assocation. There was the thought that business forecasting might well be on its way from an art to a science, and some speakers talked about newfangled computers and high-falution mathematical systems in terms of excitement and endearment which we, at least in our younger years when these things mattered, would have associated more readily with the description of fair maiden. But others pointed to the deplorable regord of the highly esteemed forecasts and forecasters with a batting average below that of the Mets, and the President-elect of the Association cautioned that “high powered statistical methods are usually in order where the facts are crude and inadequate, the exact contrary of what crude and inadequate statisticians assume.” Weleft his birthday party somewhere between hope and despair and with the conviction, not really newly acquired, that properstatistical methods applied to ascertainable facts have their merits in economic forecasting as long as neither forecaster nor public is deluded into mistaking the delineation of probabilities and trends for a prediction of certainties of mathematical exactitude.

Question 9

On the basis of the passage it can be inferred that the author would agree with which of the following statements ?


cracku

Boost your Prep!

Download App