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Impugn The Imputation?
If the question's whether we can trust the inflation data, the answer is, was and forever will be "n
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Whether intentional or not, the importance of a data series is in the consistent way it is populated. Any one point is not in itself particularly important, it is the trend analysis that is useful to analysts. Varying the elements underlying the series undermines its validity. I am sure that the staff is doing the best it can under the circumstances.
and once the composition changes, 2 points a trend not made – so if we have different composition every measure (or every other), there’s no good trend – all single data points – ‘priceless’ (sarcasm). “Buckets of rain, buckets of tears, got all of them buckets coming out of my ears …” – B. Dylan
This is an Administration that told us we suffered a recession and stock market downturn under Biden on the heels of the greatest economy anyone’s ever seen during Trump I. Ivanka alone created 15 million jobs. No imputation needed — just open mouth. Sorry to go against the grain here, but if they are willing to bald-face lie about big things that can be directly observed, I don’t hold out much hope for the backrooms of the BLS, BEA or Labor Dept. I await the announcement of a permanent 5% growth rate for US GDP.