Wednesday, Nov 07, 2007
Does anyone believe national statistics any more?
Welling @ Weeden and www.shadowstats.com: Shadowing Reality - Economist Keeps Tabs On Government’s “Creative” Statistical Reports
You have been a practicing economist for a long time, as I understand it—and one of these days you hope to get a forecast right. Isn’t that the line?
[...] I started out specializing in econometric forecasting, particularly of the U.S. economy and interest rates. [...] We did very well with our economic and interest rate forecasting but early on I noticed that something seemed to be askew with the GNP forecast. As I looked into it, I found that there were some problems with the government’s GNP reports, tied to to misreporting of the trade deficit
See http://www.shadowstats.com/cgi-bin/sgs/data for more.
Posted by president d szvaselinovic @ 04:47 PM (127 views) Add Comment
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