Warning
But…
Nowcasts make statements about current trends based on partial data
Forecasts are unconditional statements about the future: what will happen
Scenarios state what would happen under certain conditions
Figure credit: Scenario Modeling Hub
Figure credit: Scenario Modeling Hub
Figure credit: Evan Ray
“It’s a machine learning problem! We can gather enough data to make good predictions, and we don’t really have to understand the underlying processes that well.”
“We have clear theory that explains transmission of pathogens in a networked population. I don’t need to confront my model’s statements with data.”
What camp are you in?
Exhibit from Camp A:
Introduction to forecasting