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There are numerous debates about the relative importance of industries in the Dakotas, as there should be. The constant re-examination of the relative position of industries means people are paying attention. In the last several years the main focus of the debate was the relative supremacy of agriculture versus oil. That debate is on the back burner for now, somewhat, with most commodities in something of a down cycle.

Continue reading Manufacturing in the Dakotas

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I was a guest on the Jay Thomas Show on WDAY radio out of Fargo today. The guest host was Rob Port from the SayAnythingBlog, Forum Communications Op-Ed pages, TV appearances, and probably a bunch of stuff I am forgetting. He might be getting close to the title of “King of All North Dakota Media” at this point. The topic was forecasting. Yes I know. Friday afternoon in the summer and we were talking forecasting. I do not apologize for it, since I am pretty much always thinking about statistical models.

Continue reading Good forecasting is not about getting it right the first time

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