Showing posts with label prediction. Show all posts
Showing posts with label prediction. Show all posts

Tuesday, April 21, 2020

Don't Overestimate Your Powers of Prediction


This week is the NFL Draft. Here's my analysis of 15 years of data on 1st round picks at QB. Conclusion: It's very hard to predict success. True in other fields too. Lessons for us all: don't overestimate powers to predict; don't misattribute forecasting success/failure based on few data points.