4 ms·

> half a percent in profits can mean millions of dollars, I wouldn't easily discount that, especially if my job is precisely to look into bad price control. I

> half a percent in profits can mean millions of dollars, I wouldn't easily discount that, especially if my job is precisely to look into bad price control. I took a statistics class over 30 years ago and can recall very little of it but even I remember that this could easily fall within the margin of error. One could also reasonably correlate the higher profits with people eating in more (since restaurants were mostly closed) but that doesn't set off the dog whistles. And, you know, inflation...prices will never fall back down to pre-pandemic levels.

johnnyanmac 3y ago
>I took a statistics class over 30 years ago and can recall very little of it but even I remember that this could easily fall within the margin of error. it could. It could not. I imagine the data is out there to determine it, but not enough of it is in the article nor any of its links to form an analysis. But this admitedly isn't a statistics 101 problem , between taking into account inflation, local and record fluctuations, expected pandemic impacts, the PPP/interest rates and more affecting the result, etc. >One could also reasonably correlate the higher profits with people eating in more (since restaurants were mostly closed) but that doesn't set off the dog whistles. It'd be pretty easy to support/weaken that evidence if we just look at food delivery services. less people eating in doesn't mean less people ordered out. I don't know why you're being so cynical about the government doing its job for once and investigating potential greed. Worse case, nothing happens and life moves on, best case we get better grocery prices in the future. I don't see the downside as a consumer.