Sunday, April 18, 2010

on numbers

Required reading for all of us (the royal 'us') who obsess a bit too much on monthly ticks up or down in just about any economic statistic you can think of.  From the WSJ's Numbers Guy: 

It Is 90% Certain That Unemployment Rose. Or Fell.

And all those issues which are real at a national scale are much bigger deals for local statistics which will have larger inherent errors. 


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