πForecasting Rules
There are always thirty calendar days forward from today available on every chart. Users can cast their forecasts on one or multiple charts. Forecast allowance is chart-specific;
Charts are forecasting continuously, including weekends and holidays;
Users receive 10 forecast opportunities every 24 hours for every chart, use it or lose it;
You may only pick one value for any calendar date in any 24-hour window;
You can pick a different level for the same calendar date in a different 24-hour window;
Submitted forecasts cannot be changed.
Once the actual value for a calendar date is known, we calculate each forecaster's result as a sum of scores of all forecasts they have submitted for this date and rank forecasters from highest to lowest according to this aggregate score.
Why are these rules set up this way? We are structuring incentives to achieve early and plentiful forecasting. Many data points, across 24 hours a day keep charts dynamic and responsive to new information.
Forecasters can spend their daily allowance deliberately across a multitude of possible strategies. Those include spreading your predictions along a likely path of the index, concentrating most on a particular calendar date or collecting the maverick bonus by correcting the Main Average line where it is too far off.
Weekends and holidays:
Weekend and holiday actual values will be calculated using an average between the last known closing value and either the first known open (where available) or the first known close. In case of the target being unavailable for more than 1 day, weights will be skewed by proximity, so for example Saturday Target = 2/3 Friday number + 1/3 Monday whereas Sunday Target = 1/3 Friday + 2/3 Monday and so on.
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