Blown up theory is very important in modern forecasting science, and will result in revolution not only in forecasting theories but also in applied theories and applied methods. Moreover, the blown‐up theory will involve re‐thinking and re‐formulation of some concepts in traditional theories. This article is a record of dialogue between Professor OuYang and the author on some important issues. It is believed that this record will not only benefit us greatly, but also be inductive for young generations in developing their way of thinking and research directions.
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