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https://twitter.com/drStuartGilmour/status/1580855712313667585?s=20&t=ORiR32ut-WXY1V_jQEW4DAThis is an excellent and egregious example of how economists don’t understand and/or misuse statistical tools. I will be referencing this version of the work the Economist is discussing – there are many versions, this one is the most recent (2021). bfi.uchicago.edu/wp-content/upl…
https://twitter.com/drStuartGilmour/status/1476807392407228416?s=20First, I predicted hospitalizations to the end of last year based on new cases. Here is how my prediction (red line) compares to past observations (the solid dots) and the new hospitalization data released this year, up to 28th December (hollow circles). Far above my prediction!