Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a field like economics where the data is so noisy.
Nate Silver, The Signal and the Noise: Why So Many Predictions Fail - But Some Don't
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This page presents the quote "Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a field like economics where the data is so noisy.". Author of this quote is Nate Silver, The Signal and the Noise: Why So Many Predictions Fail - But Some Don't. This quote is about forecasting, statistics, economics,.