Aspiring Data Science
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Заметки экономиста о программировании, прогнозировании и принятии решений, научном методе познания.
Контакт: @fingoldo

I call myself a data scientist because I know just enough math, economics & programming to be dangerous.
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#prediction #forecast

The words predict and forecast are largely used interchangeably today, but in Shakespeare’s time, they meant different things. A prediction was what the soothsayer told you; a forecast was something more like Cassius’s idea. “Men at some time are masters of their fates,” says Cassius, hoping to persuade Brutus to partake in the conspiracy against Caesar.

The term forecast came from English’s Germanic roots, unlike predict, which is from Latin. Forecasting reflected the new Protestant worldliness rather than the otherworldliness of the Holy Roman Empire. Making a forecast typically implied planning under conditions of uncertainty. It suggested having prudence, wisdom, and industriousness, more like the way we now use the word foresight.