Numeric predictions can be graded; they let you know when you’re wrong and how wrong you are. That’s exactly why they’re so scary to make.
Yet, you don't know how scary unless you actually make a bet.
Forecasting is the process of making predictions based on past and present data. Any decision we make is based on a prediction what will happen. Here we study and discuss how to do that well.
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Forecasting can be about economics, marketing, products, finance, technology, policies, demographics, energy, climate, crime, politics, or whatever.
Numeric predictions can be graded; they let you know when you’re wrong and how wrong you are. That’s exactly why they’re so scary to make.
Yet, you don't know how scary unless you actually make a bet.