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The average person has one testicle, one ovary, and less than two legs. I'm being facetious, but my point is that highly aggregated data can lose nuance. Perso
by soVeryTired 10y ago
The average person has one testicle, one ovary, and less than two legs. I'm being facetious, but my point is that highly aggregated data can lose nuance.
Personally I mistrust the inflation numbers that the government publishes, since I think there are major intergenerational effects that aren't captured by the figure. Young people have to contend with enormous student loan bills and massively inflated house prices, while these aren't issues for older people.
In short, I don't think it's appropriate to try to describe the evolution of the purchasing power of an entire population using a single monthly figure.
- ZeroGravitas 10y agoYou are one of several people whose take on this seems to be "no one trusts statistics, we can fix this by introducing new, more complicated statistics, that better fit my personal argument" Now, I'm personally interested in new ways to look at the data, but in a world where everything is "rigged" what you're proposing sounds even more "rigged".
- soVeryTired 10y agoI didn't actually propose that any new statistics be published, I just said the current ones are lacking. To say that "It's not appropriate to use a single monthly figure" is not the same as saying "We should publish a number of figures broken down by age, location, and other factors". I honestly don't know what the right approach is.