Thursday , April 25 2024
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:

New Economics Foundation writes Reclaiming our regions

New Economics Foundation writes New Economics Podcast: Why is the benefits system failing disabled people

Michael Hudson writes Jill Stein: Splitting the Pro-Imperial Vote

Editor writes In search of radical alternatives











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Your email address will not be published.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 *