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Forums - General - Who is right, me or Chibi?

ok, so this thread in response to this

Basically, the argument is this.  Chibi started telling Immortal he was doing something stupid by predicting lifetime sales of the psp and ps3.  The thing that Chibi had a problem with is that he was predicting ( or at least used the word predict) because there were too many variables in game sales to come up with an accurate lifetime prediction.  Chibi seems to think you need to know every variable and must be completely informed of every detail and facet of a thing before you can make a prediction

Now, my problem with this is that predictions are nothing but guesses.  If you look at the definition of a prediction you will see things like

1. The act of predicting.

 

2. Something foretold or predicted; a prophecy. link
or
prediction or forecast is a statement about the way things will happen in the future, often but not always based on experience or knowledge link

or
  • the act of predicting (as by reasoning about the future)
  • a statement made about the future  link
Now, nowhere in any of these definitions do I see the need to know every variable in order to make a "prediction."  A prediction appears to be defined as nothing more than a statement made about a possible future event that may or may not use knowledge, experience, reasoning, etc.  
So, my question is... is Chibi right in saying that predicting lifetime sales of a console is stupid because we don't have all the facts yet?  Can we not use historical trends, current trends, sales data, etc. in order to come up with predictions?  Is the act of making a lifetime prediction of hardware sales "stupid?"
What do you think VGChartz?

 

 



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I pick Chibi since he didn't feel the need to make a thread about it 



Sig thanks to Saber! :D 

This is a videogame-sales website. Attempting to predict the sales of a game/system is the the core of this site.



Soriku said:

Knowing a lot of variables will just help you make a good prediction. Predicting lifetime sales early is kind of stupid but I guess you could use trends to find a possible range for LTD. Like, people were predicting 100 mil plus for the Wii for a few years and it's going to hit that mark. You can also tell a good number of times if something will end up being big and selling. But ultimately it's better to know more variables and if you don't, who knows how you'll predicting will turn out since things can change...


true, predictions are lousy without that much information, but does that mean you can't make a prediction because you don't know all the variables?  A prediction is just a guess, the more educated the guess, the better it is, but it doesn't mean you can't make a guess because you don't know enough.



dsister said:

I pick Chibi since he didn't feel the need to make a thread about it 


thanks for the support Dsister

By the way, where the crap have you been?  I never see you post anymore...



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Part of predicting is predicting events 



ǝןdɯıs ʇı dǝǝʞ oʇ ǝʞıן ı ʍouʞ noʎ 

Ask me about being an elitist jerk

Time for hype

My problem with predictions on this site is that most people make very uniformed predications.  Instead of using facts as a guideline, they use fanboy drivel.  I enjoy reading peoples predictions when they back them up whether they turn out true or false.  They used the best information they had at the time to make a guess, which is great. 

Recently, some people have predicted that Kinect will fall off the face of the earth after this holiday season.   There is no good reasoning to come up with this prediction other than they want it to fail.  The only argument that could be used is that there is little software support, but this is flawed because we do not know what MS has planned for next year.  These people are assuming that MS will stop supporting Kinect which is simply ridiculous. 

Bottom line:  Informed predictions are great, fanboy drivel sucks.



Only in hindsight will one know all the variables. Even then, the process of knowing every single variable would take some time. Thus forth, every prediction is going to have variables not factored in until hindsight analysis including tangential variables such as the economics of each country in the market, changing demographics, weather (if a blizzard or freak of nature hits during a launch day), and on.

You are right.



gergroy said:

thanks for the support Dsister

By the way, where the crap have you been?  I never see you post anymore...


Always glad to help :-p

Well, I've been banned for the last month so that might be one reason why 



Sig thanks to Saber! :D 

Pahahahahahahahahahahahahahahahahaha ah thanx this made my day ^^



Yeah i know my spelling sucks but im dysgraphic so live with it :3    

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