jaron@btinternet.comCore ConceptRegression to the mean, formulated by Francis Galton 1883 States that over time the average tends to dominate Also known as convergence Found in nonlinear systems as attractorsConsequencesCaveatsConsequencesIn decision-making avoid extrapolating recent information too much "Form is temporary, class is permanent"CaveatsShocks can disturb the trend of regression Regression can overshoot the mean The mean can be dynamic (a new mean can emerge)falsemathematics12002-06-18T00:24:25.198+01:002002-08-02T14:25:38.566+01:00