Scientific Forecasting: Its Methods and Application to Practical Business and to Stock Market Operations.

Rare First Edition of Karl Karsten’s Scientific Forecasting

Scientific Forecasting: Its Methods and Application to Practical Business and to Stock Market Operations.

KARSTEN, Karl.

$6,800.00

Item Number: 4387

New York: Greenberg, 1931.

First edition. Octavo, original maroon cloth. In very good condition. Housed in a custom half morocco clamshell box.

Scientific Forecasting was based on Karsten's experience as stock market analyst, and was written as a handbook for stockbrokers. This work on scientific forecasting focussed on the methods and application to practical business and to stock market operations, and relied on the techniques of the economic barometers. "Karsten was fairly optimistic about his abilities to make prognoses, but, as he had to admit , 'at the present time this investigation can not account for economic changes which are wholly due to the element of mob-, crowd- or herd-psychology'.[18] In general, however, Karsten's conclusion is that these psychological factors are relatively unimportant, which leads him to find reason to state that his results support "economic determinism". There is only one exception: the stock market. Of course it is not surprising that Karsten was moderate with claims about stock market prediction, so shortly after the generally unexpected crash of 1929" ( Keuzenkamp).

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If you are interested in an item from one of our catalogues or our website and would like more information before ordering it, please give us a call; one of our salespeople will be happy to speak with you and answer any questions that you might have. For some items, we can also email digital photographs.

All of our items are guaranteed as described and are shipped on approval. We accept MasterCard, Visa, American Express, Discover, checks and wire transfer. For first-time buyers, we prefer a credit card and we will only ship to the billing address on the card. We do ask that if you are not satisfied with the item, you contact us by phone as quickly as possible and return the item within ten days.

We ship worldwide and all packages will be sent via UPS or Federal Express unless another carrier is requested. Next-day or second-day air service is available upon request. Shipping and insurance charges are additional.