{"product_id":"prediction-revisited-the-importance-of-observation-hardcover","title":"Prediction Revisited: The Importance of Observation - Hardcover","description":"\u003cp\u003eby \u003cb\u003eMark P. Kritzman\u003c\/b\u003e (Author), \u003cb\u003eDavid Turkington\u003c\/b\u003e (Author), \u003cb\u003eMegan Czasonis\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA thought-provoking and startlingly insightful reworking of the science of prediction\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003ePrediction Revisited: The Importance of Observation\u003c\/i\u003e, a team of renowned experts in the field of data-driven investing delivers a ground-breaking reassessment of the delicate science of prediction for anyone who relies on data to contemplate the future. The book reveals why standard approaches to prediction based on classical statistics fail to address the complexities of social dynamics, and it provides an alternative method based on the intuitive notion of relevance. \u003c\/p\u003e\u003cp\u003eThe authors describe, both conceptually and with mathematical precision, how relevance plays a central role in forming predictions from observed experience. Moreover, they propose a new and more nuanced measure of a prediction's reliability. \u003ci\u003ePrediction Revisited also \u003c\/i\u003eoffers: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eClarifications of commonly accepted but less commonly understood notions of statistics\u003c\/li\u003e \u003cli\u003eInsight into the efficacy of traditional prediction models in a variety of fields\u003c\/li\u003e \u003cli\u003eColorful biographical sketches of some of the key prediction scientists throughout history\u003c\/li\u003e \u003cli\u003eMutually supporting conceptual and mathematical descriptions of the key insights and methods discussed within\u003c\/li\u003e \u003c\/ul\u003e \u003cbr\u003e \u003cp\u003eWith its strikingly fresh perspective grounded in scientific rigor, \u003ci\u003ePrediction Revisited \u003c\/i\u003eis sure to earn its place as an indispensable resource for data scientists, researchers, investors, and anyone else who aspires to predict the future from the data-driven lessons of the past.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA thought-provoking and startlingly insightful reimagination of the science of prediction\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003ePrediction Revisited: The Importance of Observation, \u003c\/i\u003e a team of renowned finance and risk experts at the top of their game describes a ground-breaking realignment of the connection between past experiences and future outcomes. The book reveals why standard approaches to prediction based on classical statistics fail to address the complexities of social dynamics, and it maps out an elegant prediction system based on a novel measure of statistical relevance. \u003c\/p\u003e\u003cp\u003eDrawing upon information theory and an obscure yet profound mathematical equivalence, the authors describe, both conceptually and with mathematical precision, how relevance plays a central role in forming predictions. Additionally, they introduce a new and more nuanced measure of a prediction's reliability, enabling researchers to fine tune their responses to specific predictions. \u003c\/p\u003e\u003cp\u003e\u003ci\u003ePrediction Revisited \u003c\/i\u003ealso: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eIlluminates many commonly accepted but less commonly understood notions of statistics\u003c\/li\u003e \u003cli\u003eReveals several valuable yet previously unrecognized mathematical equivalences \u003c\/li\u003e \u003cli\u003eIncludes colorful biographical sketches of some of the key scientists whose contributions paved the path to relevance-based prediction\u003c\/li\u003e \u003cli\u003eEnables access to the mathematically minded reader as well as those who prefer an intuitive and conceptual discussion of the book's key ideas\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eWith its strikingly fresh perspective grounded in scientific rigor, \u003ci\u003ePrediction Revisited\u003c\/i\u003e is a must-read for anyone who aspires to reach a new level of understanding and mastery of data-driven prediction.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMEGAN CZASONIS\u003c\/b\u003e is Managing Director and Head of Portfolio Management Research at State Street Associates.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eMARK KRITZMAN \u003c\/b\u003eis a Founding Partner and CEO of Windham Capital Management. He is also a Founding Partner of State Street Associates and teaches a graduate course at the Massachusetts Institute of Technology. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDAVID TURKINGTON \u003c\/b\u003eis Senior Managing Director and Head of State Street Associates.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 240\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.8 x 8.7 x 6.1 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e June 08, 2022\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51766363881760,"sku":"9781119895589","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/c225312e9c590594210dcd473487a375.webp?v=1780291216","url":"https:\/\/ebocreations.com\/products\/prediction-revisited-the-importance-of-observation-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}