poid wrote:Baron, I've explained to you why the numbers are how they are and even reconciled your figures to the estimated overall rate. I've also explained why this statement...
"Closed cases are the only accurate numbers we have at this time for outcome as those numbers are known"
...is incorrect because it only relates to a subset of cases, and not all cases, because the vast majority are mild and won't have a 'recovery' recorded at this point. See Chinese data - the number 'recovered' there is basically anyone who is not known to be sick or hasn't died after a period of time, and their death rate is ~4.4%. That's the closest we have to a complete data set at the moment, noting my previous caveat about Chinese data (you can't simply throw it out because it disagrees with your thesis, however!).
You'll see the same kind of numbers once it flows through other countries, "recoveries" will increase as people are assumed to have recovered who haven't died and the numbers will move towards the numbers I previously calculated. In the same way that the link you posted says you can't compare deaths to current cases, you can't compare deaths to current recoveries.
FYI I have done this stuff for a living, I was an actuary in the early part of my career and have worked in/around life insurance companies for a long time now.
At least there is enough good info in this thread for people to make up their own minds about calculating the numbers. That can only be a good thing, right?
Closed cases are the correct way to calculate this the observed results match 100% with the maths used unlike the flawed method which is way off not even close with observed results.
When you calculate from number of infections vs deaths that is assuming there will be no more deaths do you see the flaw in that way of thinking when outcomes for open cases are unknown?
How many times do I have to point out I don't believe the Chinese numbers or even their official claim on the origins of this pandemic?
Yes the vast majority of cases are mild we could also say every serious case started out as a mild case. With this Kung Flu every case starts out as mild then people get worse, some recover others deteriorate further get put on Oxygen if that doesn't work they intubate them stick them on a ventilator where they usually stay until they die. This process takes a few weeks.
The numbers I see from other countries like UK, USA, Italy and Spain show an incredible death rate with closed cases