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Nate Silver's post has absolutely nothing to do with forecasting. Why include a quote about forecasting? The quote is a snapshot of the thinking inside governm
by bokonist 16y ago
Nate Silver's post has absolutely nothing to do with forecasting. Why include a quote about forecasting?
The quote is a snapshot of the thinking inside government statistics offices.
Nate Silver's evidence may have some flaws in it, but there simply is no better evidence out there.
Sure there is. Report the actual quantities of how many goods are being manufactured. Look at statistics for how many cars, refrigerators, tractors, memory chips, steel, etc is being produced over time. Then make your own subjective judgement about whether its better to produce a ton of steel or a dozen computer chips.