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- began career as an economic consultant
- created a system on the side called PECOTA (Player Empirical Comparison and Optimization Test Algorithm) that projected the performance and careers of baseball players
- system was very accurate and successful
- before the 2008 elections he created the blog FiveThirtyEight.com (named after the number of votes in the Electoral College)
- predicted primary election results around the country with stunning success
- Silver used demographics to track and predict
- created a model that took voting patterns from previous primaries and applied them to upcoming contests
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- introduced probability sampling
- founded the Institute of American Public Opinion in 1935
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- Founder of broadcast survey firm bearing his name
- In the 1940s Nielsen divided listernship into demographic breakdowns (gender, age) so advertisers would know what to try and sell
- In the 1950s Nielsen moved into television monitoring and expanded into even more demographic breakdowns
- Today breakdowns include income, education, religion, occupation, neighborhood and even which products the viewers of certain programs use frequently
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Term
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- everyone in the population being surveyed has an equal chance to be sampled
- Four factors are key to accurate surveying: sample size, sample selection, margin of error and confidence level
- sample size: number of people surveyed
- sample selection: process for choosing individuals to be interviewed
- margin of error: percentage that a survey may be off mark
- confidence level: degree of certainty that a survey is accurate
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Term
Statistical Extrapolation |
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- Drawing conclusions from a segment of the whole
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Term
Audit Bureau of Circulation |
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- Checks newspaper and magazine circulation
- formed in 1914 to remove the temptation for publishers to inflate thier claims to attract advertisers and hike ad rates
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- next-morning reports on network viewership
- measures broadcast audiences
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- small groups interviewed in loosely structured ways for opinions and reactions
- an interview crew goes into a public place (i.e. shopping center), chooses about a dozen people based on gender and age, and offers them some sort of incentive to sit and watch a local newscast
- a moderator then asks them questions, sometimes leading or loaded, to open them up
- tricky research message because info can become easily skewed/biased if the moderator is biased
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Term
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Definition
- Psychographics: breaking down a population by lifestyle characteristics
- VALS: pyschographic analysis by values, lifestyle and life stage
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