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November 7, 2012 06:30 pm GMT
The New York Times election statistician, Nate Silver, perfectly predicted all 50 states last night for President Obama, while every single major pundit was wrong--some comically wrong. Despite being derided by TV talking heads as a liberal hack, Silver definitively proved that geeks with mathematical models were superior to the gut feelings and pseudo-statistics of so-called political experts. The big question is, will the overwhelming success of statistical models make pundit forecasting obsolete, or will producers stubbornly keep them on the air?
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YPkHILwSF1Q/
Pundit Forecasts All Wrong, Silver Perfectly Right. Is Punditry Dead?
The New York Times election statistician, Nate Silver, perfectly predicted all 50 states last night for President Obama, while every single major pundit was wrong--some comically wrong. Despite being derided by TV talking heads as a liberal hack, Silver definitively proved that geeks with mathematical models were superior to the gut feelings and pseudo-statistics of so-called political experts. The big question is, will the overwhelming success of statistical models make pundit forecasting obsolete, or will producers stubbornly keep them on the air?Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YPkHILwSF1Q/
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