This note reexamines the data from a weight-judging competition described in an article by Francis Galton published in 1907. Following the correction of some errors, it is shown that this forecasting competition is an interesting precursor of two more recent developments in the statistical forecasting literature. One is forecast combination, with the mean forecast here exactly coinciding with the outcome, and the second is the use of two-piece frequency and probability distributions to describe asymmetry.
- Pub Date:
- October 2014
- Statistics - Methodology
- Published in at http://dx.doi.org/10.1214/14-STS468 the Statistical Science (http://www.imstat.org/sts/) by the Institute of Mathematical Statistics (http://www.imstat.org)