Posts Tagged ‘data’Straight Up Statistics: The Magic of Seasonal AdjustmentsBy AUSTIN NELSON Have you ever wondered what the heck it means when you read that economic data is “seasonally adjusted?” How can non-seasonally adjusted data show one trend while seasonally adjusted data shows something completely different? Which dataset is the most reliable? The in-depth answer to these questions requires a PhD in statistical analysis. [...] National Association of … Really Really Good LiarsCirios Real Estate Housingwire.com reports that pending home sales levels have fallen significantly since this time last year, according to data released by the National Association of Realtors (NAR). The NAR report on the same data is titled “Pending Home Sales Rise, Wider Gains Anticipated….” So where’s the discrepancy? How can the exact same data [...] |