I've never been a big fan of statistical analyses... there are too many variables that can't be quantified, like human emotion. If you click on that big box that pops up it will take you to their white paper.
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Yes I agree. If just one of your inputs are off, the entire model is way off. And the inputs they are using are rough guesses on their part, though they may be good guess, they are still just guesses.
One thing I've learned in 73 years is that humans are notoriously unpredictable and any market that involves humans is unpredictable as well. If it was amde of purely institutional investors their algorithms may work, but...