From the Bookshelf of Epsilon Theory…

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

Nate Silver

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Apr 03, 2013 Katherine Collins rated it really liked it

Shelves: science-data, business-ish, nonfiction

Otherwise known as “the election god”, Silver embraces a Bayesian approach to analysis. To his credit, I think I know what that means now… it uses big long term data sets and interprets new data relative to that historical base, incrementally changing probabilities based on the new inputs. Most traditional statistical analysis takes a frozen data set and manipulates it, but Silver’s approach accounts for BOTH depth of history AND incorporation of new information. This book also is full of cool c ...more

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