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Oct 22, 2012

Marketplace Tech Report for Monday, October 22, 2012

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Boy, could we make a lot of money if we knew who was going win the election in two weeks. All this technology, all of this fearsome data crunching power, you'd think our predictions would be getting better. Nate Silver, who runs the New York Times political blog Five Thirty Eight, says that all the new technology we have at our fingertips doesn't guarentee better predictions. Turns out our computers often help us make bad political predictions more quickly. 

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Nate Silver on political polling in the cellphone and social media age

Oct 22, 2012
Nate Silver, who tracks polls at the New York Times blog Five Thirty Eight, says that technology is great for forecasting political races, if we use it correctly.

Boy, could we make a lot of money if we knew who was going win the election in two weeks. All this technology, all of this fearsome data crunching power, you’d think our predictions would be getting better. Nate Silver, who runs the New York Times political blog Five Thirty Eight, says that all the new technology we have at our fingertips doesn’t guarentee better predictions. Turns out our computers often help us make bad political predictions more quickly. 

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