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[15] [16] In March 2009, he predicted the S&P 500 would fall below 600 that year, and possibly plummet to 200. [17] It closed at over 1,115 however, up 24%, the largest single-year gain since 2003. CNBC 's Jim Cramer wrote that Roubini was "intoxicated" with his own "prescience and vision," and should realize that things are better than he ...
Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis. Prediction is a similar but more general term.
Model selection is the task of selecting a model from among various candidates on the basis of performance criterion to choose the best one. [1] In the context of machine learning and more generally statistical analysis, this may be the selection of a statistical model from a set of candidate models, given data.
Case series have a descriptive study design; unlike studies that employ an analytic design (e.g. cohort studies, case-control studies or randomized controlled trials), case series do not, in themselves, involve hypothesis testing to look for evidence of cause and effect (though case-only analyses are sometimes performed in genetic epidemiology ...
Proof by exhaustion, also known as proof by cases, proof by case analysis, complete induction or the brute force method, is a method of mathematical proof in which the statement to be proved is split into a finite number of cases or sets of equivalent cases, and where each type of case is checked to see if the proposition in question holds. [1]
Case analysis may refer to Proof by cases in mathematics; Case study, detailed examination of a subject; The case method used in teaching
In this example a company should prefer product B's risk and payoffs under realistic risk preference coefficients. Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine).
Galton's experimental setup "Standard eugenics scheme of descent" – early application of Galton's insight [1]. In statistics, regression toward the mean (also called regression to the mean, reversion to the mean, and reversion to mediocrity) is the phenomenon where if one sample of a random variable is extreme, the next sampling of the same random variable is likely to be closer to its mean.