Tweet
Andz, are you growing a brain? Those were thoughtful comments. What is happening to you, Eastie?
-
-
Will pseudo-science do G? I need to rant about something. Still statistics related though.
This is an example of several articles I've seen that (partly) explain the drop in retail sales by rising gasoline prices. It's crap and the authors didn't know how to interpret the data.July 14 (Bloomberg) -- Sales at U.S. retailers unexpectedly fell and consumer confidence declined as the economy struggled under the burden of near-record gasoline prices and higher interest rates.
It's correct to argue that if the price of an inelastic consumption good such as gasoline rises, there will be a shift of expenditures towards gasoline purchases, causing a fall in purchases of other goods and therefore a fall in total purchases, all else being equal. However, the retail sales growth figure is a nominal figure, not adjusted for inflation. Hence, when there are such price increases, the nominal level of retail sales, (or the growth thereof) is not affected, unless people save more or unless there has been a fall in disposable income (or the growth thereof). The real level of retail sales will be affected though.
That was my rant, thank you for letting me (ab)use this thread as soapbox.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Statistics is math, not science. Stats is useful in science, but so is, say, the English language."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
-
Economics is NOT science
Comment
-
To be fair to Colon, he did call it pseudo-science."Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. He is full of murderous resentment of people who are ignorant without having come by their ignorance the hard way. "
-BokononComment
-
Just rubbing it in his face.Comment
-
27%Long time member @ Apolyton
Civilization player since the dawn of timeComment
-
Shut up yank. BTW, what happened to paiktis? All this talk about disappeared posters yet noone ever mentions paiktis? Or is he Enigma_Nova now?Originally posted by TCO
Andz, are you growing a brain? Those were thoughtful comments. What is happening to you, Eastie?Comment
-
I suspect Paiktis got permabanned. And I like the guy, but if so he deserved it.
Gosh, thank you so much.Originally posted by Ramo
To be fair to Colon, he did call it pseudo-science.
Although I hope I taught you all a lesson on how to handle Retail and Food Service Sales data.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
What is this "retail" that economists speak of so often?Comment
-
DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Buut Paiktis was Greek!Originally posted by Colon™
I suspect Paiktis got permabanned. And I like the guy, but if so he deserved it.
Gosh, thank you so much.
Although I hope I taught you all a lesson on how to handle Retail and Food Service Sales data.
What did he, erm, what was he accused of?Long time member @ Apolyton
Civilization player since the dawn of timeComment
-
I'm now designating this as the Saturday Night's Drunk Thread. I'm sure G doesn't mind.
What's everybody's booze? I'm just drinking white wine. Gets you in a kind buzz though.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
He made fun of Belgium.Originally posted by Lancer
Buut Paiktis was Greek!
What did he, erm, what was he accused of?DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
I have to be at work in an hour but will join you in 10 hours.
Long time member @ Apolyton
Civilization player since the dawn of timeComment
Comment