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re: Sensing a little bit of unease from Nate Silver today

Posted on 10/27/20 at 1:38 pm to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425832 posts
Posted on 10/27/20 at 1:38 pm to
quote:

Just because you can't ever be "proven wrong" doesn't mean that there's not value in attempting to anticipate future events based on past events.

but this is only as valuable (in real time) as the data fueling your modeling is

i'm not arguing "wrong" or "right" (b/c as long as Silver never goes to 0% he is always "right"). just saying the probabilities are garbage b/c they're being calculated by garbage, biased input
Posted by nc_tiger
Member since Aug 2017
153 posts
Posted on 10/27/20 at 1:42 pm to
there's 1 clear example of bad input to a 538 model: the 2016 presidential election. they've proven to do a good job predicting results over the last decade.

538 has never tried to be "wrong" or "right", just apply probabilities. They also never give 0 because it's impossible to give zero, the mathematics of probability prevent a 0% chance in an election based on people voting when they haven't asked every single one the voters. They don't avoid saying 0 to avoid being wrong, it's just math.
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