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Can Backfitting Lead To Profits? -- sometimes it can!!
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08-26-2017, 04:36 PM
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6
TheOracle
Registered User
Join Date: Oct 2014
Posts: 3,625
Quote:
Originally Posted by
Dave Schwartz
10 races is not a "trend."
There will always be things we observe that
appear to be
a pattern. If you doubt that, go watch a roulette wheel for an hour.
The fact that things happened in an
obvious pattern
does not indicate that the pattern is statistically valid.
Distantly related, but a good read:
Mental Models: The Best Way to Make Intelligent Decisions (113 Models Explained)
Hey Dave,
I'm not trying to say the findings are statistically valid I'm just looking at the short term.
Just curious, how many races more or less would you need for a statistically valid trend?
TheOracle
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