Our poll for June 2010 is going well with over 550 participations so far.
But why have a poll? Is it because there is no other method of prediction?
Is it possible to use statistical forecasting techniques and get a good result that matches reality? NO! - I think.
Oil prices have defied the mathematical and statistical techniques. As we say, we are "on our own" and we have to guess right for OURSELVES.
The institutions who predict prices, themselves change their predictions as the months go by.
Let us see how this poll (which is a pulse of the readers), matches the real prices on the 31st of December 2010.
Please feel free to add your view to the poll and comment.
But why have a poll? Is it because there is no other method of prediction?
Is it possible to use statistical forecasting techniques and get a good result that matches reality? NO! - I think.
Oil prices have defied the mathematical and statistical techniques. As we say, we are "on our own" and we have to guess right for OURSELVES.
The institutions who predict prices, themselves change their predictions as the months go by.
Let us see how this poll (which is a pulse of the readers), matches the real prices on the 31st of December 2010.
Please feel free to add your view to the poll and comment.
Post was edited 1 time, last by Barth ().