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All forecasts are wrong, but some are also inadequate
Forecasting is difficult, partly because all models are wrong (or because we are wrong about models). And while we usually don’t know—with certainty…
David Ubilava
Jan 28
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All forecasts are wrong, but some are also inadequate
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War in Ukraine and Disrupted Markets
This is the title of my slide deck, which I prepared for my (virtual) presentation at the 13th Annual CAES-SCAE Canadian Agri-food Policy Conference…
David Ubilava
Jan 26
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War in Ukraine and Disrupted Markets
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Is more information better for forecast accuracy? It depends!
The more data we have the more accurate are our forecasts, typically. Unless, of course, we deal with something like a random walk model, in which case…
David Ubilava
Jan 11
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Is more information better for forecast accuracy? It depends!
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Confidence in a forecast vs accuracy of a forecast
Recently, I saw a quote by Dean Williams who, in his keynote at the Financial Analysts Federation Seminar at Rockford College on 9 August 1981, said…
David Ubilava
Jan 4
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Confidence in a forecast vs accuracy of a forecast
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December 2022
Authors, reviewers, editors: One head, three hats.
I have now served as a co-editor of Food Policy for over four years. This is not much editorial service by any stretch of the imagination. So, I do not…
David Ubilava
Dec 23, 2022
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Authors, reviewers, editors: One head, three hats.
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Radial plots
In my recently published article in the American Journal of Agricultural Economics, in which we measure the seasonal impact of year-on-year price…
David Ubilava
Dec 20, 2022
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Radial plots
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When correlation is more than just that: Bird is a word
“The future will be the child of the past and the present, even if a rebellious child.“ This quote belongs to George Crumb—an American composer of…
David Ubilava
Dec 14, 2022
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When correlation is more than just that: Bird is a word
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Agrarian violence: A background story
Every paper has a story. Not the one that is told in the paper, no. The untold one. The story that made the paper happen. This one is about my recently…
David Ubilava
Dec 12, 2022
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Agrarian violence: A background story
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Forecasting is mostly difficult, but sometimes just not possible
Why do forecasts fail? For two broad reasons, usually. We fail to forecast either because we don’t know stuff, or because we know it all too well. The…
David Ubilava
Dec 10, 2022
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Forecasting is mostly difficult, but sometimes just not possible
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'The Namecloud'
Some time ago, I posted an image on Twitter that went viral. It was a wordcloud of names—a ‘namecould’. This is the tweet: Two factors contributed to…
David Ubilava
Dec 7, 2022
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'The Namecloud'
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All piecharts are 'wrong' but some are useful
When it comes to piecharts, I belong to the team-don't. But every rule has an exception. And this post is about one such exception. In rare and specific…
David Ubilava
Dec 5, 2022
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All piecharts are 'wrong' but some are useful
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