Problem Solving – Small Business Quote of the Day

A small business quote a day keeps you thinking, inspired and entertained 

“We must bear in mind that the statistical relationships we work with, embodied in our econometric models, are only loose approximations of the underlying reality… Some fog always obstructs our vision, but when the structure of the economy is changing, the fog is considerably denser than at other times.”

Roger W. Ferguson Jr (b. 1951) US economist, vice-chairman of the Federal Reserve Board. On the problems facing the Federal Reserve Board in deciding policy. Speech, New Economy Forum, HaasSchool ofBusiness , University ofCalifornia ‘Conversation with Leaders of the “New Economy”’ (9 May 2000) 

To find previous Quotes of the Day look here 

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