8.3 When good models go bad
When using mathematical models to predict future behavior, it is important to keep in mind that very few trends will continue indefinitely.
When using any mathematical model, we have to consider which inputs are reasonable to use. Whenever we extrapolate, or make predictions into the future, we are assuming the model will continue to be valid.
Adapted from Math in Society by David Lippman, hosted on LibreTexts (math.libretexts.org) and licensed under CC BY-SA 3.0. Changes were made. License: CC-BY-SA-3.0.