Favorites Quote's
Author
Topic's
Blog
You Don't Want To Influence The Same System You Are Trying To Forecast.
-Nate Silver
Please Wait....
Translating....
Select Image
Download as Image
English
Spanish
French
German
Hindi
Chinese
You Don't Want To Influence The Same
Nate Silver
You Don't Want To Influence The Same System You Are Trying To Forecast.
Views: 8
Topic
Trying
Want
Influence
More From Nate Silver
Well The Way We Perceive Accuracy And What Accuracy Is Statistically Are Really Two Different Things.
Two
Different
Way
Expert Estimates Of Probability Are Often Off By Factors Of Hundreds Or Thousands. [...] I Used To Be Annoyed When The Margin Of Error Was High In A Forecasting Model That I Might Put Together. Now I View It As Perhaps The Single Most Important Piece Of Information That A Forecaster Provides. When We Publish A Forecast On Fivethirtyeight, I Go To Great Lengths To Document The Uncertainty Attached To It, Even If The Uncertainty Is Sufficiently Large That The Forecast Won't Make For Punchy Headlines.
Views
Errors
Annoyed
I Think Punditry Serves No Purpose.
Thinking
Purpose
We Want To Get 80%-85% Of Predictions Right, Not 100%. Or Else We Calibrated Our Estimates In The Wrong Way.
Want
Way
Predictions
I Think There's Space In The Market For A Half-dozen Kind Of Polling Analysts.
Thinking
Space
Half
Trending Author
Andy Andrews
Dodie Smith
Henry George
Frederick W. Smith
Jean-Jacques Rousseau
Charles Edison
Category
Information