I knew it! I am finally getting some time to finish reading The Black Swan and I came across this statement, “Makridakis and Hibon reached the sad conclusion that ‘statistically sophisticated or complex methods do not necessarily provide more accurate forecasts than simpler ones’. ” I have thought this for years. Like most of my…
A few days ago I gave an example of multiple imputation but I glossed over a number of things, which is fine when you are just getting into a topic, or when the mad scientist part of your personality has taken over, but seriously now … Our story continues … when last seen, our data…
(Or: Why a computer will not be replacing me any time soon) [Originally, the second half of this was supposed to be an explanation of the real use of multiple imputation which is in estimating parameters but then my daughter came to pick me up early and I got the flu so I am now…