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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK ASSET: MORNING WRAP 20 JANUARY: | ASX to rise | 3 cannabis players discuss how to view the sector through a biotech lens |

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    PEAK ASSET: MORNING WRAP 19 JANUARY: | ASX to rise, $A eases amid greenback surge | Battery sector cries out for more graphite as shortfall looms |

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 20 JANUARY: | ASX hits 11 month high | China shares rise on c.bank’s liquidity boost; EV, healthcare stocks shine |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 JANUARY: | ASX to rise | 3 cannabis players discuss how to view the sector through a biotech lens |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 19 JANUARY: | ASX rises 1pc | US eyes Australian market as cannabis investment fund takes stake in Lifespot Health |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 JANUARY: | ASX to rise, $A eases amid greenback surge | Battery sector cries out for more graphite as shortfall looms |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 18 JANUARY: | ASX sheds 0.8pc | Tietto Minerals appoints COO to drive development of Abujar gold project | China, Hong Kong stocks climb on upbeat GDP data |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
    • FEEDID-44
    • FEEDID-31
    • FEEDID-21
    • FEEDID-16
    • FEEDID-36
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    • feedid-66
  • Charts

    The Cotton Row Journal, week of 18-22 Jan

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    The Cotton Row Journal, week of 18-22 Jan

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

    The Cotton Row Journal, week of 18-22 Jan

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    • All
    • Market Recap
    • MrTopStep
    Chart of the Day: Coming Up (Smaller Companies Rally)

    Chart of the Day: Coming Up (Smaller Companies Rally)

    links

    Danny’s Links: January 22nd 2020

    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    links

    Danny’s Links:

    Washington Post: 900,000 filed for jobless claims last week, a historically high level as Biden inherits worst job market of any modern president

    OP: Wall Street Welcomes Biden

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    GMTT / Chart of the day / Apple / Oct 27, 2020

    GMTT / Chart of the day / Apple / Oct 27, 2020

    NASDOG.com: Corn, What Changed Today?

    NASDOG.com: Corn, What Changed Today?

    NASDOG.com: Stocks Getting Serious; Quick Word on Beans

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    NASDOG.com: Full For a Bull

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COVID-19 models were right, but assumptions weren’t

Tradechat by Tradechat
Wednesday, September 2, 2020
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On May 26, New York Gov. Andrew Cuomo said what many people have been thinking about the COVID-19 model predictions: “They were all wrong.”

Indeed, on March 13, the Center for Disease Control estimated COVID hospitalizations in the United States could range from 2.4 to 21 million during the pandemic. As of Aug. 24, less than 60,000 have been hospitalized at any time. In light of the huge differences between the early projections and the actual results, one might conclude, as Cuomo did, that the computer models are useless as a tool for decision makers.

However, the models were not wrong; the assumptions were. The early model projections assumed the public’s risky behavior contributing to the spread of the disease would remain unchanged. But as a result of government-mandated social restrictions, people did change behavior, producing fewer infections. Had the modeling experts foreseen the behavioral changes, they could have input those assumptions with more accurate results.

There are two issues that modeling experts face. First, the mathematical equations must be correctly coded in the model. The debugging process to eliminate these errors is rigorous and precise. The second issue, determining the input assumptions, is often no better than educated guesses.

An example will help clarify this. Suppose you want to know how much extra food you need for house guests. Over time you record your expenditures when you have guests and you find that each guest adds about 4% per day to food costs. You place your mathematical model on a computer; input the number of guests and it estimates the food costs. You test your model with a few guests and find it accurate.

But one day some guests greatly exceed the projected costs. What happened? Your guests were teenage boys who eat twice as much as the adults upon which you based your model. Your model is accurate but used the wrong assumptions and produced an inaccurate estimate. To correct this problem, you update your model to account for the age of guests. Over time other model adjustments address new variables.

Similarly, COVID modeling experts, such as those on the N.M. Department of Health’s Modelling/Analytics Committee, have been adjusting both their models and their input assumptions with improving predictions. Input assumptions is one of the banes of computer modeling.

Early in the crisis full-scale lockdowns were the only options available to government officials to prevent hospitals from being inundated with virus victims. It worked. As a result of our governor’s assertive actions, the virus is coming under control.

But the result is one of the worst economic calamities in U.S. history, including a mushrooming national debt with interest payments that will encumber the country for decades. N.M.’s unemployment is over 12%, and many tax-paying businesses have permanently closed.

The lockdowns are analogous to killing all living plants in half of your garden to save it from an invasive weed. A more refined approach would instead identify and target the intruding species at an early stage, allowing the garden to continue to grow and produce.

Adaptive Resonance Theory, a form of Artificial Intelligence currently being studied at the University of New Mexico, can help. Unlike traditional statistical models, the basis of most COVID predictions, this form of AI is self-learning and self-organizing, similar to the processes used by all intelligent life. It is extraordinarily adept at identifying anomalies in data as they are collected from the field.

Had AI been integrated into the modeling process at an early stage, it could have helped experts to more quickly identify those factors, such as age and pre-existing conditions, that lead to hospitalizations and deaths, thus allowing targeted intervention and eliminating the need for economically damaging lockdowns.

As the state struggles with the question of how to reopen our communities, we urge state officials to employ the power of AI to help the simultaneous challenge of maintaining safety and economic stability.

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