What does adaptive expectations mean?
Definitions for adaptive expectations
adap·tive ex·pec·ta·tions
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Wikipedia
Adaptive expectations
In economics, adaptive expectations is a hypothesized process by which people form their expectations about what will happen in the future based on what has happened in the past. For example, if inflation has been higher than expected in the past, people would revise expectations for the future. One simple version of adaptive expectations is stated in the following equation, where p e {\displaystyle p^{e}} is the next year's rate of inflation that is currently expected; p − 1 e {\displaystyle p_{-1}^{e}} is this year's rate of inflation that was expected last year; and p {\displaystyle p} is this year's actual rate of inflation:
Numerology
Chaldean Numerology
The numerical value of adaptive expectations in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of adaptive expectations in Pythagorean Numerology is: 4
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"adaptive expectations." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/adaptive+expectations>.
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