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Uncertainty vs Predictability - What's the difference?

uncertainty | predictability |

As nouns the difference between uncertainty and predictability

is that uncertainty is doubt; the condition of being uncertain or without conviction while predictability is the characteristic of being predictable.

uncertainty

English

Noun

  • (uncountable) Doubt; the condition of being uncertain or without conviction.
  • *
    • , title=(The Celebrity), chapter=4 , passage=“Well,” I answered, at first with uncertainty , then with inspiration, “he would do splendidly to lead your cotillon, if you think of having one.” ¶ “So you do not dance, Mr. Crocker?” ¶ I was somewhat set back by her perspicuity.}}
  • * {{quote-news, year=2012, date=April 9, author=Mandeep Sanghera, work=BBC Sport
    • , title= Tottenham 1-2 Norwich , passage=After spending so much of the season looking upwards, the swashbuckling style and swagger of early season Spurs was replaced by uncertainty and frustration against a Norwich side who had the quality and verve to take advantage}}
  • (countable) Something uncertain or ambiguous.
  • (uncountable, mathematics) A parameter that measures the dispersion of a range of measured values.

    • Antonyms

    * certainty

    External links

    * (wikipedia "uncertainty")

    predictability

    English

    Noun

    (predictabilities)
  • The characteristic of being predictable.
  • * {{quote-web
    • , year = 2013 , author = The Royal Swedish Academy of Sciences , title = Trendspotting in Asset Markets (Prize in Economic Sciences / Popular Science Background) , site = nobelprize.org , url = http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2013/popular-economicsciences2013.pdf , accessdate = 2013-10-20 }}
    There are several ways to approach predictability'. One way is to investigate whether asset prices over the past few days or weeks can be used to predict tomorrow’s price. The answer is no. Following a large amount of careful statistical work by Fama in the 1960s, researchers now agree that past prices are of very little use in predicting returns over the immediate future. [...] An implication of the excessive swings in stock prices is that a high ratio of price relative to dividends in one year will tend to be followed by a fall in prices relative to dividends over subsequent years, and vice versa. This means that returns follow a predictable pattern in the longer run. Shiller and his collaborators demonstrated such ' predictability in stock markets as well as bond markets, and other researchers have later confirmed this finding in many other markets.