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by lukeor
2470 days ago
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Hi, author here. There are a range of ways the estimates can be improved, although many require data that isn't available. The main point is that having a ballpark idea of how reliable your results are is good, and you can achieve that with this sort of simple napkin maths. No statistician would do what I did for a formal publication, but I think what I did gets the point across. |
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But I don't think it's fair to complain about $30,000 prizes being awarded to first rather than second place in a specific competition without doing at least a little checking of whether that was actually the case. And the article kind of reads like cynicism that all machine learning is a waste, and all the algorithms are just producing random numbers that randomly happen to be right some of the time and win the competition by random chance.