Why have our resident data scientists not predicted brexit?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Data science and predictability of outcomes.
Collapse
X
-
-
-
Because it's hard to predict crazy black-swan events?Originally posted by minestrone View PostWhy have our resident data scientists not predicted brexit?Comment
-
So, I work with people who spend more time telling you about their ability and qualifications on machine learning than making accurate predictions.
I'm kind of going to say much of this is pseudo science.Comment
-
-
There's deterministic and probabilistic. Deterministic requires *real* facts with which to work with. Since they were not presented during the campaign...
So we're left with probabilistic. Probabilistic requires some similar past event with which to make a prediction. This was the first EU referendum we've had so... we are where we are."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
you are obviously a cretinOriginally posted by minestrone View PostSo, I work with people who spend more time telling you about their ability and qualifications on machine learning than making accurate predictions.
I'm kind of going to say much of this is pseudo science.
































love ASSComment
-
No it doesn't. Deterministic vs. probabilistic is a modelling choice (physical processes aren't fundamentally uncertain at macroscopic scales). Probabilistic predictions don't require historical data any more than deterministic ones. A conditional prediction may be better than an unconditional one.Originally posted by scooterscot View PostThere's deterministic and probabilistic. Deterministic requires *real* facts with which to work with. Since they were not presented during the campaign...
So we're left with probabilistic. Probabilistic requires some similar past event with which to make a prediction. This was the first EU referendum we've had so... we are where we are.Comment
-
Where did I say probabilistic prediction requires historical data? I said it requires a similar event. You could create such an event with which to make your prediction. Stochastic processes don't care for time.
Deterministic prediction never makes use historical data either. That's a major slip up in education that is. They measure the likelihood of events through measurement of some quantity."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Should a new limited company not making much money pay a salary/dividend? Today 08:43
- Blocking the 2025 Loan Charge settlement opportunity from being a genuine opportunity is… HMRC Yesterday 07:41
- How a buyer’s market in UK property for 2026 is contractors’ double-edge sword Feb 11 07:12
- Why PAYE overcharging by HMRC is every contractor’s problem Feb 10 06:26
- Government unveils ‘Umbrella Company Regulations consultation’ Feb 9 05:55
- JSL rules ‘are HMRC’s way to make contractor umbrella company clients give a sh*t where their money goes’ Feb 8 07:42
- Contractors warned over HMRC charging £3.5 billion too much Feb 6 03:18
- Statutory Sick Pay (SSP) for umbrella company contractors: an April 2026 explainer Feb 5 07:19
- IR35: IT contractors ‘most concerned about off-payroll working rules’ Feb 4 07:11
- Labour’s near-silence on its employment status shakeup is telling, and disappointing Feb 3 07:47

Comment