Friday , May 9 2025
Home / Video / Inflation: Reducing Data to ONE Number

Inflation: Reducing Data to ONE Number

Summary:
bit.ly/dsia04b – Part B of Lec 4 on Descriptive Statistics: An Islamic Approach. The general concept of data reduction is based on making theoretical assumptions which allow us to reduce data to a few sufficient statistics. There is no justification, other than mathematical and computational convenience, for these assumptions. We discuss whether or not it ...

Topics:
Asad Zaman considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius











bit.ly/dsia04b – Part B of Lec 4 on Descriptive Statistics: An Islamic Approach. The general concept of data reduction is based on making theoretical assumptions which allow us to reduce data to a few sufficient statistics. There is no justification, other than mathematical and computational convenience, for these assumptions. We discuss whether or not it may be suitable to reduce diverse data on inflation in different categories of goods, to one overall number for inflation.


Asad Zaman
Physician executive. All opinions are my personal. It is okay for me to be confused as I’m learning every day. Judge me and be confused as well.

Leave a Reply

Your email address will not be published. Required fields are marked *