summaries

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

mendi926Vocabulary listWords: 5
English
English
AI Generated
PredictionA guess about what will happen in the future
Definitions:
An educated guess or statement about what will happen in the future
BayesianA statistical theory
Definitions:
Pertaining to Thomas Bayes, or to his system of inference used in statistics
ProbabilityChance something will happen
Definitions:
The extent to which something is likely to happen or be the case.
ForecastingPredicting future events, usually using data analysis
Definitions:
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
Definitions:
Creating a statistical model that has too many parameters and may predict future observations poorly.