Content Generation
Different predictions and estimations are published in the media. TV
Newscast and printed news describe the public opinion and experts opinions in,
different subjects, such as: politics, economics and business.
Traditionally, predictions
were based on survey results among statistical sample. The prediction was determined
according to the majority of participants who answered in a similar way. Not
infrequently, such surveys attracted serious criticism, due to biased
questionnaire wording or sampling quality.
Another methodology is
when predictions are set according to an expert opinion and estimation.
Nimanix arenas are
innovative method for predictions and evaluations generation. Predictions are
presented, at each point of time, as the results of the trade session in the
arena. The traders form a group of members who were previously rated according to their knowledge or ability to conduct quality predictions in the relevant subject. The
predictions are derived from the trade transactions, based on the participants'
status, the trade volume, the transactions time stamps etc. Hence, these predictions
are more qualified and encompass much more information. Nimanix predictions, in
many cases, are superior to survey results, and as well, superior to a single
expert estimation, since they represent a group of 'experts' consensus – the 'experts'
that the platform spotted.
Another important
advantage of the Nimanix arenas, comparing to traditional surveys and experts
estimations, is the ability to present the prediction in a continuous manner. Surveys
are conducted at a certain point of time, and represent opinions which may
become irrelevant, shortly. This characterizes specially situations in which
information frequently changes, for example, politics, economics or social
events. Surveys conducted very frequently are not sensitive for such changes.
On the other hand, the trade in Nimanix arenas is continuous, ensuring updated
predictions which are sensitive to volatile events.