Summary (ePub)

The Signal and the Noise ...in 30 Minutes is the essential guide to quickly understanding the fundamental components of prediction outlined in Nate Silver's bestselling book, The Signal and the Noise: Why So Many Predictions Fail - but Some Don't.In The Signal and the Noise bestselling author, political analyst, and statistician Nate Silver investigates the fundamentals of forecasting and answers why too much information can be misleading.Exploring a variety of fields, ranging from politics to poker to Wall Street and global warming, Silver explores why some forecasts are successful and, perhaps more telling, why so many fail. Stressing the importance of acknowledging personal bias, Silver posits that better forecasters possess a superior understanding of uncertainty and are driven by truth and humility while overconfidence can lead to failure. Presenting a framework for what constitutes a good forecast, Silver provides insight and tools for understanding how to successfully utilize Big Data and decipher meaningful signals from random noise.A 30 Minute Expert SummaryDesigned for those whose desire to learn exceeds the time they have available, 30 Minute Expert Summaries enable readers to rapidly understand the essential ideas behind critically acclaimed books. With a condensed format and chapter-by-chapter synopsis that highlights key lessons, readers can quickly and easily become experts ...in 30 minutes.