Daily Archives: May 31, 2012

The Science of Forecasting

May 31, 2012
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The Science of Forecasting

Tweet We’re familiar with application of the scientific method in certain industries, such as Pharmaceuticals. When a new drug is introduced, we expect that its safety and efficacy has been demonstrated through appropriately controlled experiments. For example, to test a new cold remedy we would find 100 people with colds, randomly give half the new…

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