
Prediction Revisited: The Importance of Observatio n
The Importance of Observation
Kritzman(Author)
Wiley (Publisher)
1st Edition
Published on 2. August 2022
Book
Hardback
240 pages
978-1-119-89558-9 (ISBN)
Description
A thought-provoking and startlingly insightful reworking of the science of prediction
In Prediction Revisited: The Importance of Observation, a team of renowned experts in the field of data-driven investing delivers a ground-breaking reassessment of the delicate science of prediction for anyone who relies on data to contemplate the future. The book reveals why standard approaches to prediction based on classical statistics fail to address the complexities of social dynamics, and it provides an alternative method based on the intuitive notion of relevance.
The authors describe, both conceptually and with mathematical precision, how relevance plays a central role in forming predictions from observed experience. Moreover, they propose a new and more nuanced measure of a prediction's reliability. Prediction Revisited also offers:
Clarifications of commonly accepted but less commonly understood notions of statistics
Insight into the efficacy of traditional prediction models in a variety of fields
Colorful biographical sketches of some of the key prediction scientists throughout history
Mutually supporting conceptual and mathematical descriptions of the key insights and methods discussed within
With its strikingly fresh perspective grounded in scientific rigor, Prediction Revisited is sure to earn its place as an indispensable resource for data scientists, researchers, investors, and anyone else who aspires to predict the future from the data-driven lessons of the past.
In Prediction Revisited: The Importance of Observation, a team of renowned experts in the field of data-driven investing delivers a ground-breaking reassessment of the delicate science of prediction for anyone who relies on data to contemplate the future. The book reveals why standard approaches to prediction based on classical statistics fail to address the complexities of social dynamics, and it provides an alternative method based on the intuitive notion of relevance.
The authors describe, both conceptually and with mathematical precision, how relevance plays a central role in forming predictions from observed experience. Moreover, they propose a new and more nuanced measure of a prediction's reliability. Prediction Revisited also offers:
Clarifications of commonly accepted but less commonly understood notions of statistics
Insight into the efficacy of traditional prediction models in a variety of fields
Colorful biographical sketches of some of the key prediction scientists throughout history
Mutually supporting conceptual and mathematical descriptions of the key insights and methods discussed within
With its strikingly fresh perspective grounded in scientific rigor, Prediction Revisited is sure to earn its place as an indispensable resource for data scientists, researchers, investors, and anyone else who aspires to predict the future from the data-driven lessons of the past.
More details
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Dimensions
Height: 236 mm
Width: 163 mm
Thickness: 20 mm
Weight
519 gr
ISBN-13
978-1-119-89558-9 (9781119895589)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Mark P. Kritzman | David Turkington | Megan Czasonis
Prediction Revisited
The Importance of Observation
E-Book
06/2022
1st Edition
Wiley
€19.99
Available for download

Mark P. Kritzman | David Turkington | Megan Czasonis
Prediction Revisited
The Importance of Observation
E-Book
06/2022
1st Edition
Wiley
€19.99
Available for download
Person
MEGAN CZASONIS is Managing Director and Head of Portfolio Management Research at State Street Associates.
MARK KRITZMAN is a Founding Partner and CEO of Windham Capital Management. He is also a Founding Partner of State Street Associates and teaches a graduate course at the Massachusetts Institute of Technology.
DAVID TURKINGTON is Senior Managing Director and Head of State Street Associates.
MARK KRITZMAN is a Founding Partner and CEO of Windham Capital Management. He is also a Founding Partner of State Street Associates and teaches a graduate course at the Massachusetts Institute of Technology.
DAVID TURKINGTON is Senior Managing Director and Head of State Street Associates.