The Signal and the Noise(English, Hardcover, Silver Nate)
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The science of statistical prediction has many hurdles. Uncertainty and variation are often misinterpreted and this makes all predictions fail. In The Signal And The Noise, Nate Silver divulges his secrets to making statistical forecasts in the fields of sports, politics, a game of poker and the stock market. Summary of the Book Nate Silver's rise to fame as the statistician who predicted the outcome of baseball games and the 2008 election is the stuff Hollywood movies are made of. In this book he reveals that not all predictions do come true, and what went right with the predictions which did. He seeks out the best in the business, forecasters who work with hurricanes, basketball games, stock markets and casinos, to understand what leads to a right prediction and what leads to a failure. Readers learn the science behind the mystic magic of prediction, and the risks involved. Noise, Silver tells his readers, is everywhere in the world of data. Only those who can filter it out and seek the signal inside are any good at predicting the outcome of situations, no matter what the risk. About Nate Silver Nathaniel Read "Nate" Silver is an American statistician, blogger, and writer who is best known for analysing the outcome of the game of baseball and elections. Currently the editor-in-chief of ESPN's FiveThirtyEight blog and a Special Correspondent for ABC News, his work with PECOTA, a system which forecasts the performance and careers paths of baseball players, was sold to Baseball Prospectus and is the main reason for his association with the sport. Named one of The World's 100 Most Influential People by Time Magazine, Silver graduated from the University of Chicago, spending a year in the London School of Economics. His work with forecasting through statistics has won him much acclaim.