Talk:Probabilistic forecasting

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Only weather?

The lead describes the topic as "...a technique for weather forecasting...". Much of the rest of the article also talks about weather forecasting. But is its use restricted only to weather? If it is weather only then we should remove non-weather items. But if it is general (and weather is merely one, amongst many, of its applications) then we should edit the article to make clear this generality. Feline Hymnic (talk) 19:35, 2 January 2011 (UTC)[reply]

Indeed the article does appear to me to only apply to weather, but that just seems flat-out wrong to me. Certainly predictive models from all sorts of domains are free to give outputs in terms of probabilities rather than discrete events. I don't know the terminology well enough though to make definitive edits. Mickeyg13 (talk) 19:15, 7 June 2011 (UTC)[reply]

It seems "terminology" is not the right question, rather it should be finding actual examples of (important) use in other types of application. Melcombe (talk) 08:37, 8 June 2011 (UTC)[reply]

Well both gambling and the stock market both involve trying to predict the probability of some event(s) occurring. When Vegas lists certain types of betting lines there is an implicit probability defined by the odds. I don't know the terminology to know if these examples count. The article makes it seem like the only predictive models in the world whose output is a probability must be talking about weather. Mickeyg13 (talk) 17:27, 14 June 2011 (UTC)[reply]