While we briefly touched upon some forecasting in the class in terms of correlations (if you remember back in Week 4), I did want to provide two additional stories on forecasting and that is leveraging the wisdom of the crowds for forecasting Listen read these stories by NPR and respond to the questions below Kestenbaum, David (Aug 20, 2015) Weighty issue Cow guessing game helps to explain the stock market NPR Links to an external site Spiegel, Alix (Apr 2, 2014) So you think you 're smarter than a CIA agent NPR Links to an external site Questions Can you think of ways corporations might leverage this notion Is there a way that companies like Amazon already use the wisdom of the crowd to try to predict your satisfaction in a product How is this done Is this a valid process Why or why not

Question: While we briefly touched upon some forecasting in the class in terms of correlations (if you remember back in Week 4), I did want to

While we briefly touched upon some forecasting in the class in terms of correlations (if you remember back in Week 4), I did want to provide two additional stories on forecasting and that is leveraging the wisdom of the crowds for forecasting.

Listen / read these stories by NPR and respond to the questions below:

Kestenbaum, David. (Aug 20, 2015). Weighty issue: Cow guessing game helps to explain the stock market. NPR.Links to an external site.
Spiegel, Alix. (Apr 2, 2014). So you think you\'re smarter than a CIA agent? NPR.Links to an external site.

Questions:

Can you think of ways corporations might leverage this notion?
Is there a way that companies like Amazon already use the \"wisdom of the crowd\" to try to predict your satisfaction in a product? How is this done? Is this a valid process? Why or why not?

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