Regression output can report not just a point prediction but its precision (e.g., a 95% confidence range), so when data quality is low or the outcome is inherently random, the statistics themselves disclose that the prediction is imprecise.

factualpending

Speaker

Ian Ayres

Evidence Quote

it will give you a 95 percent confidence range so 95 percent of the time you will deliver between this date and this date

Source

Ian Ayres on Super Crunchers and the Power of Data 10/22/2007EconTalk
Created: 6/17/2026, 10:31:42 AM

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