Re:Why 'The Daily' Failed
by JoshuaDavid on Tuesday December 04, 2012 @02:26AM
(#4869908)
They also get 55% on success for A-rated companies, which is also pretty good. It's not quite 60%, but it's very close, and considering how much above 60% they get on predicting failures, I think that shows a fairly high accuracy of prediction.
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55% is just as close to 50% (coin toss) as 60%.
Far far less than half of companies succeed. So identifying successful companies by random draw is not equivalent to a coin toss. In the case of this study, its 10%.
Re:Why 'The Daily' Failed
by aaronblohowiak on Tuesday December 04, 2012 @05:35AM
(#4870270)
55% on A-rated companies is way better than the "coin-toss" model of randomly assigning a rating to each company, because there are more than two ratings.