As we continue learning more about COVID-19, CEA tracks the evolution of case and mortality projections over time to better understand the disease and inform policymakers.
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What use is the cubic fit plot? When you inform policy makers, what do you say the cubic fit plot tells you?
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Looks more like MS Paint than MS Excel to me but I think someone may owe
@NateSilver538 $538 on this one...https://twitter.com/NateSilver538/status/1257476755574718470?s=20 …Thanks. Twitter will use this info to make your timeline better. UndoUndo
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This is so amateurish. Kernel smooth for irregular dataviz. Original IHME still looks best overall, which suggests revisions were just overfitting
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Economists shouldn't talk about epidemiology, example 49383
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So, with this "cubic fit" it fundamentally assumes that no one has new infections since roughly April 27 as death is a multi-week lagging function of exposure and infections. Stay away from the EXCEL functions.
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You did not just do this. OMG, this wouldn't pass an introductory data analysis class.
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The key logical fallacy laid bare here is that a "curve fit" has inherent use value for "forecasting". Great visual from
@seanjtaylor showing the disconnect between interpolation (i.e., curve fitting) and extrapolating (i.e., forecasting)https://twitter.com/seanjtaylor/status/1123278396308353024?s=20 …
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literally all economists when seeing this. please.pic.twitter.com/2tTC6T5OjP
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