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The Signal and the Noise: Why So Many Predictions Fail—But Some Don't

mendi926Vocabulary listFjalë: 5
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PredictionA guess about what will happen in the future
Përkufizimet:
An educated guess or statement about what will happen in the future
BayesianA statistical theory
Përkufizimet:
Pertaining to Thomas Bayes, or to his system of inference used in statistics
ProbabilityChance something will happen
Përkufizimet:
The extent to which something is likely to happen or be the case.
ForecastingPredicting future events, usually using data analysis
Përkufizimet:
The practice of predicting what will happen in the future, often used in weather predictions and business planning.
OverfittingIn statistics, creating a model that matches the data too closely
Përkufizimet:
Creating a statistical model that has too many parameters and may predict future observations poorly.