Quotes about Making Predictions / Data Mining

As the saying “prediction is very difficult – especially of the future” is one of golden rules among economists, below are some of the quotes about making predictions with data: 

• “The art of prophecy is very difficult, especially about the future.” — Mark Twain
• “Any time there's a 50% chance of getting something right, there's a 90% chance you'll get it wrong.” — Yogi Berra
• “No one can possibly know what is about to happen: it is happening, each time, for the first time, for the only time.” — James Baldwin
• “Occurrences in this domain are beyond the reach of exact prediction because of the variety of factors in operation, not because of any lack of order in nature.” — Albert Einstein
• “The best way to predict your future is to create it.” — Abraham Lincoln
• “Prediction is very difficult, especially about the future.” — Niels Bohr
• “To write it, it took three months; to conceive it three minutes; to collect the data in it all my life. ” — F. Scott Fitzgerald, American author
• “Where is the Life we have lost in living?
  Where is the wisdom we have lost in knowledge?
  Where is the knowledge we have lost in information?” — Thomas Stearns Eliot, poet, 1888-1965
• “Errors using inadequate data are much less than those using no data at all.” — Charles Babbage, British Mathematician and Inventor, 1791-1871
• “The goal is to transform data into information, and information into insight.” — Carly Fiorni, former president of Hewlett Packard
• “Big data is mostly about taking numbers and using those numbers to make predictions about the future. The bigger the data set you have, the more accurate the predictions about the future will be.” — Anthony Goldbloom, the founder and CEO of Kaggle
• “The world is now awash in data and we can see consumers in a lot clearer ways.” — Max Levchin, PayPal co-founder.
• “Data is a precious thing and will last longer than the systems themselves.” — Tim Berners-Lee, inventor of the World Wide Web.
• “Drowning in Data yet Starving for Knowledge” — Anonymous

Image courtesy of KATIE DRUMMOND.