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by crazygringo
144 days ago
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Error bars are complicated, and who's to say how large they should be? It winds up being a lot of pointless arguing over arbitrary precision. The Fibonnaci sequence of point values has wound up just being a lot simpler for most people, as it encapsulates both size and error, since error tends to grow proportionally with size. I.e. nobody is arguing over whether it's 10h +/- 1h, versus 12h +/- 1h, versus 12h +/- 2h, versus 11h +/- 3h. It's all just 5 points, or else 8 points, or else 13 points. It avoids discussion over any more precision than is actually reliably meaningful. |
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2-12d conveys a very different story than 6-8d. Are the ranges precise? Nope, but they're useful in conveying uncertainty, which is something that gets dropped in any system that collapses estimates to a single point.
That said, people tend to just collapse ranges, so I guess we all lose in the end.