5 ms·
> McDonalds is famous for catering it's menu and service to it's locale. Hence, it’s a non standard product, and a pretty dumb basis for an index.
by christophilus 5y ago
> McDonalds is famous for catering it's menu and service to it's locale.
Hence, it’s a non standard product, and a pretty dumb basis for an index.
- goodcanadian 5y agoIt was never intended to be taken seriously. The reason that it is taken somewhat seriously is because it turns out to be a much more reliable indicator than you might naively expect. That said, no one truly relies on it for anything more than a rough indication.
- taylorius 5y agoDumb compared to what? A basket of goods curated by a government who have a vested interest in getting certain numbers out of the formula?