Who has the best probabilities? Luck versus skill in prediction tournaments
By: Niall MacKay
Potential Business Impact:
Makes weather forecasts more accurate.
An informal and elementary introduction to probability scoring and forecast verification and improvement, slightly extended from Significance 22:3(2025)16, which might be useful for less mathematical readers as a prologue to the classic review by Gneiting and Raftery [Strictly proper scoring rules, prediction, and estimation, Journal of the American Statistical Association 102 (2007): 359].
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