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How To Make Sense of All The COVID-19 Projections? A New Model Combines Them

Summary:
More than 82,000 people in the United States have died of COVID-19 as of Tuesday. How many more lives will be lost? Scientists have built dozens of computational models to answer that question. But the profusion of forecasts poses a challenge: The models use such a wide range of methodologies, formats and time frames that it's hard to get even a ballpark sense of what the future has in store. Enter Nicholas Reich, a biostatistician at University of Massachusetts Amherst. Reich and his colleagues have developed a method to compare and ultimately to merge the diverse models of the disease's progression into one "ensemble" projection. The resulting forecast is sobering. By June 6, it projects, the cumulative death toll in the U.S. will reach 110,000. How To Make Sense of All The COVID-19

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More than 82,000 people in the United States have died of COVID-19 as of Tuesday. How many more lives will be lost? Scientists have built dozens of computational models to answer that question. But the profusion of forecasts poses a challenge: The models use such a wide range of methodologies, formats and time frames that it's hard to get even a ballpark sense of what the future has in store.

Enter Nicholas Reich, a biostatistician at University of Massachusetts Amherst. Reich and his colleagues have developed a method to compare and ultimately to merge the diverse models of the disease's progression into one "ensemble" projection. The resulting forecast is sobering. By June 6, it projects, the cumulative death toll in the U.S. will reach 110,000.

How To Make Sense of All The COVID-19 Projections? A New Model Combines Them
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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