Daily Archives: Jun 9, 2017 at 07:52 am EST

Another Forecasting Lesson After The UK’s Surprising Election

UK Prime Minister Theresa May’s gamble to call an early general election has backfired, dealing Britain an unexpected outcome that’s dealt another blow to the so-called experts who anticipated that the Conservatives would gain seats in Parliament. Instead, the electorate confounded the polls and forecasting models and delivered a major setback to May’s government. Once again, there are lessons to be learned about the hazards of forecasting, although assuming that all efforts at diving the future are wrong isn’t one of them.
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