Nematrian
/

Tail fitting, quantile interpolation [4]

Go to: Summary | Previous | Next   
Bullet points include: Forecasting of any sort is challenging: “Prediction is very difficult, especially if it's about the future.” Nils Bohr. “If you can look into the seeds of time, and say which grain will grow and which will not, speak then unto me.” William Shakespeare. “This is the first age that's ever paid much attention to the future, which is a little ironic since we may not have one.” Arthur C. Clarke. Extreme events, the events in the tail of the distribution, are the most difficult to forecast, but are also the ones that have the most impact. C.f. the impact of the 2007-09 Credit Crisis on modern financial regulation

NAVIGATION LINKS
Contents | Prev | Next | Library

Desktop view | Switch to Mobile