3 ms·

What mechanism do they use to overstate it?

• JumpCrisscross 2y ago
  > What mechanism do they use to overstate it? Statistical illiteracy in American early (EDIT: primary) education. The magnitude of this revision, for example, is -0.5 percent.
  • egberts1 2y ago
    Magnitude of 0.5!!! Percent? Anyone who makes estimation of economy with a tolerance of MAGNITUDE 0.5% should be fired.
    • JumpCrisscross 2y ago
      You may be confusing magnitude [1] and orders of magnitude [2]. [1] https://en.m.wikipedia.org/wiki/Magnitude_(mathematics) https://en.m.wikipedia.org/wiki/Magnitude_(mathematics) [2] https://en.m.wikipedia.org/wiki/Order_of_magnitude https://en.m.wikipedia.org/wiki/Order_of_magnitude
      • egberts1 2y ago
        Could have sworn I read " ... order of magnitude ..." Won't bother to recheck, me that is.
  • linotype 2y ago
    > Statistical illiteracy in American early education. This commentary isn’t necessary. It’s also odd, as no country teaches statistics in early education.
    • deleted 2y ago
      [deleted]
    • BobaFloutist 2y ago
      [flagged]