February 2013 archive

Fumbling the Interpretation: Statistical Models and the Super Bowl

Predictionmachine.com generated a statistical model for the 2013 Super Bowl that reports a 67% probability of the 49ers winning. The probability of this outcome is different than predicting that the 49ers in fact will win. Yet such simplistic, and incorrect, interpretations are common to  Monte Carlo style models (the type of model run by Predictionmachine.com). …

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The American Dream is Still Alive

The real estate market has taken a beating in the past few years.  During the most recent downturn in the economy, real estate values plummeted causing homeowners equity to vanish with many homeowners facing short-payoffs and even foreclosure.  Despite the more positive recent news regarding real estate, potential buyers are facing increased scrutiny from banks …

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Permanent link to this article: http://betweenthenumbers.net/2013/02/the-american-dream-is-still-alive/