prediction and forecasting are very difficult in some areas, such as natural disasters, pandemics, demography, population dynamics and meteorology. For example, it is possible to predict the occurrence of solar cycles, but their exact timing and magnitude is much more difficult (see picture to right). In materials engineering it is also possible to predict the life time of a material with a mathematical model. Hypothesis Established science makes useful predictions which are often extremely reliable and accurate; for example, eclipses are routinely predicted. New theories make predictions which allow them to be disproved by reality. For example, predicting the structure of crystals at the atomic level is a current research challenge. In the early 20th century the scientific consensus was that there existed an absolute frame of reference, which was given the name luminiferous ether. The existence of this absolute frame was deemed necessary for consistency with the established idea that the speed of light is constant. The famous Michelson–Morley experiment demonstrated that predictions deduced from this concept were not borne out in reality, thus disproving the theory of an absolute frame of reference. The special theory of relativity was proposed by Einstein as an explanation for the seeming inconsistency between the constancy of the speed of light and the non-existence of a special, preferred or absolute frame of reference. Albert Einstein's theory of general relativity could not easily be tested as it did not produce any effects observable on a terrestrial scale. However, as one of the first tests of general relativity, the theory predicted that large masses such as stars would bend light, in contradiction to accepted theory; this was observed in a 1919 eclipse. Finance Mathematical models of stock market behaviour (and economic behaviour in general) are also unreliable in predicting future behaviour. Among other reasons, this is because economic events may span several years, and the world is changing over a similar time frame, thus invalidating the relevance of past observations to the present. Thus there are an extremely small number (of the order of 1) of relevant past data points from which to project the future. In addition, it is generally believed that stock market prices already take into account all the information available to predict the future, and subsequent movements must therefore be the result of unforeseen events. Consequently, it is extremely difficult for a stock investor to anticipate or predict a stock market