Initial Predictions in Learning-to-Forecast Experiment
In this paper we estimate the distribution of the initial predictions of the Heemeijer et al.  Learning-to-Forecast experiment. By design, these initial predictions were uninformed. We show that in fact they have a non-continuous distribution and that they systematically under-evaluate the fundamental price. Our conclusions are based on Diks et al.  test which measures the proximity of two vector sets even if their underlying distributions are non-continuous.We show how this test can be used as a fitness for Genetic Algorithm optimization procedure. The resulting methodology allows for fitting non-continuous distribution into abundant empirical data and is designed for repeated experiments.
KeywordsFocal Point Repeated Experiment Time Path Observation Vector Monte Carlo Experiment
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