Butler Philbrick Gordillo and Associates» argue in Valuation Based Equity Market Forecasts — Q1 2013 Update that «there is substantial value in applying simple statistical models... (tumblr.com)
There's a growing body of research that suggests that simple statistical models outperform expert judgements even when the experts are provided with the output of the model. (greenbackd.com)
In a recent study, Mathias Trachsel (Dept. of Biology, University of Bergen) and Atle Nesje (Dept. of Earth Science, University of Bergen and Uni Research Climate) used simple statistical models to assess and quantify the relative importance of summer temperature and winter precipitation for annual mass balances of eight Scandinavian glaciers. (sciencedaily.com)