The Signal and the Noise - How is the future in your hands?

 

Overview

This book tells the story of the necessity and difficulty of prediction, failure and success. Author Nate Silver is called "The Prophet of Big Data" by The New York Times and is also famous for predicting the presidential election. This book looks at how predictions are made and why they can fail.

Introduction to the author

Nate Silver was born in England and is one of the leading figures in the field of prediction. He is also an American economist known for his predictions of presidential elections. He is a statistician and has been known for his presidential predictions since 2008 by running a prediction blog called "FiveThirtyEight" in The New York Times.

the contents of the text

This book explains why prediction is difficult and complicated, and can often fail. The book deals with how technologies such as big data, probability theory, and machine learning are used for prediction. And we analyze the reasons why such prediction techniques fail, and suggest ways to make successful predictions. Personally, I discovered and read this book in my poor childhood at a local bookstore. This is because there was an interest in prediction and statistics. This book let me know the importance and difficulty of predicting. Also, I was able to learn about the efforts and strategies to overcome such difficulties. Beyond simple predictions, this book broadens our understanding of the various predictions we encounter in our daily lives. And it provides insight into why it can fail.