How accurate is the groundhog?

February 2, 2014 7:00am by Barry Ritholtz

Not so good – less than chance, in fact.

Approximately 90% of the time, Phil sees his shadow. Records indicate he’s right just 39% of the time — worse than a coin flip.

Phil and his ancestors have been doing this since 1887 in Punxsutawney, Pennsylvania. –Wit & Wisdom

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