Prediction, Forecasting, and Chance Discovery

  title={Prediction, Forecasting, and Chance Discovery},
  author={Yutaka Matsuo},
  booktitle={Chance Discovery},
This chapter addresses the relation and difference between prediction, forecasting, and chance discovery. Prediction and forecasting have a long history. So far, many studies have been devoted to prediction and forecasting. However, in complex real-world systems, contrary to scientific laws, it is sometimes very difficult to predict the future. In such situations, model creation, model selection, and parameter fitting are all important in the complex changing real world. Chance discovery… CONTINUE READING

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