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EP20: Prof Rob Hyndman: Forecasting COVID, time-series, and why causality doesnt matter as much as you think.

The Curious Quant

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How to Build a Trusted Forecast

I've always been two minds about that because it makes a lot of sense I understand how people need to buy into it. But then have another part of me that thinks well what's the point of us having all these amazing new methodologies if all we're going to do is confirm our mental model? So I really feel like maybe if it challenges my mental model within some I suppose some range or some target then then it holds a real valueYeah I mean it's important to it's important for people to trust the forecast If they're going to use them they don't necessarily have to understand how they're produced, he says.

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