Saturday, January 1, 2011

Nationwide’s figures show house prices rose in December but take away ‘seasonal adjustment’ and it’s

House prices: lies, damned lies and statistics

Some more bear food: 'The Nationwide's economists have "seasonally adjusted" the data to take account of the fact that far fewer properties sell in December than other months of the year. They have based this adjustment on the vast amount of data collected over the years and have used complicated calculations, which I couldn't even begin to explain in simple terms, to produce a figure that is actually 0.8% higher than the actual monthly change.'

Posted by ra02127a @ 09:25 PM (591 views)
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