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Dec 15, 2014 at 18:03 comment added John Babson The comic isn't analagous to most overfitting scenarios in my opinion, even though the ridiculous rules would accurately predict all past Presidents. Most forecasts aren't predicting a dichotomous variable. Also it humorously mentions the very rule that will be broken in the next election -- in other words the overfit model is gauranteed wrong the whole time, making it a perfect predictor of the future. Most overfit models aren't based on 1 erroneous variable that can be tested for being extraneous- it's usually based on too many variables in the model, haphazardly all thrown in to reduce R^2.
Dec 13, 2014 at 16:30 comment added Ben Voigt The later 'models' in the Presidential comic do fit all the given noise.
S Dec 12, 2014 at 22:34 history answered John Babson CC BY-SA 3.0
S Dec 12, 2014 at 22:34 history made wiki Post Made Community Wiki by John Babson