Nate Silver quote ✍️

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Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a field like economics where the data is so noisy.
Nate Silver The Signal and the Noise: Why So Many Pr… economics forecasting statistics

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Often perfumed powder
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Hint 1 meaning
A soft mineral of a soapy feel and a greenish, whitish, or grayish color, usually occurring in foliated masses. It is hydrous silicate of magnesia. Steatite, or soapstone, is a compact granular variety.
Hint 2 anagram
LCTA
Hint 3 another clue
BABY DOCTOR FOR SHORT
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