@RISK Helps Zero-In on U.S. Senate Race Outcomes

The midterm Senate race is fast approaching—and so are the speculations on its outcome. Previously, Lawrence W. Robinson, Professor of Operations Management at Cornell University’s Johnson Graduate School of Management used @RISK to statistically predict the senate races, using data from the stats-centered news site, FiveThirtyEight.   FiveThirtyEight was founded by statistician and political analyst Nate […]

@RISK Takes Nate Silver’s Senate-Race Predictions a Step Further

Statistician super-star and  FiveThirtyEight editor Nate Silver has gained fame for his spot-on predictions around elections; he had accurate predictions for all 50 states during the 2012 presidential election. While it seems that Silver has the power of precognition, he actually relies on refined statistical methods—including weighting various political polls—to make predictive models. Recently, Silver and […]