The illusion of predictability. How regression statistics mislead experts

2021-05-18

Categories: Recommended Tags: Human side of statistics

The authors argue that regression models fail to capture important levels of uncertainty needed for economic decisions.

Emre Soyer, Robin H. Sogarth. The illusion of predictability: How regression statistics mislead experts. International Journal of Forecasting, 2021, 28(3), 695-711. Available in html format.