Quote (Black XistenZ @ Oct 29 2020 03:09pm)
538's model has a "reversion to the mean"-component whose effect gets smaller the less time there is left for reversion the mean. Similarly, the likelihood of the polls tightening gets smaller the more the time window closes.
Ah cool, love learning new shit. Thanks man
Quote
Reversion to the mean, also called regression to the mean, is the statistical phenomenon stating that the greater the deviation of a random variate from its mean, the greater the probability that the next measured variate will deviate less far. In other words, an extreme event is likely to be followed by a less extreme event.