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Introduction

In: Predictability and Nonlinear Modelling in Natural Sciences and Economics

Author

Listed:
  • J. Grasman

    (Agricultural University)

  • G. Van Straten

    (Agricultural University)

Abstract

Predicting the future behaviour of natural and economic processes is the subject of research in various fields of science. After a period of considerable progress by refining models in combination with large scale computer calculations, the scientific community is presently confronted with problems that require a novel approach to further extend the range of forecasts and to improve their quality. It is recognized that nonlinearity of a system may significantly complicate the predictability of future states of the system. A small variation of parameters can drastically change the dynamics, while sensitive dependence on the initial state may severely limit the predictability horizon.

Suggested Citation

  • J. Grasman & G. Van Straten, 1994. "Introduction," Springer Books, in: J. Grasman & G. van Straten (ed.), Predictability and Nonlinear Modelling in Natural Sciences and Economics, pages 1-5, Springer.
    • Handle: RePEc:spr:sprchp:978-94-011-0962-8_1
    DOI: 10.1007/978-94-011-0962-8_1
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