Steven Hunter

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Hedge Hogging
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  (page 36 of 308)
Mar 18, 2015 08:06AM

 
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Nate Silver
“Most of you will have heard the maxim "correlation does not imply causation." Just because two variables have a statistical relationship with each other does not mean that one is responsible for the other. For instance, ice cream sales and forest fires are correlated because both occur more often in the summer heat. But there is no causation; you don't light a patch of the Montana brush on fire when you buy a pint of Haagan-Dazs.”
Nate Silver, The Signal and the Noise: Why So Many Predictions Fail—But Some Don't

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