Posted on Tuesday, June 4, 2013 by Business_and_Finance
Creating predictive models can be deceptively simple. Unfortunately, many forecasters are unaware of the biases and limitations that are built into their models. Nate Silver examines these problems and explains how to make better forecasts in his book The Signal and the Noise.
Silver’s book is not a how-to book, but an extensive examination into the logic and limitation of several forecasting models. Whether you are a professional business analyst or an entrepreneur making a five year projection, this book will help you improve your forecasting models.
Tagged: Forecasting, probability, statis