{"id":6247,"date":"2010-02-28T20:34:43","date_gmt":"2010-02-28T18:34:43","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=6247"},"modified":"2010-02-28T20:34:43","modified_gmt":"2010-02-28T18:34:43","slug":"how-one-woman-can-cause-economic-boom-or-bust","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/28\/how-one-woman-can-cause-economic-boom-or-bust\/","title":{"rendered":"How one woman can cause economic boom or bust"},"content":{"rendered":"<p><a href=\"http:\/\/news.bbc.co.uk\/1\/hi\/magazine\/8538751.stm\">BBC News - How one woman can cause economic boom or bust<\/a>.<\/p>\n<p>Sobering thoughts for those economists who think data is the be all and end all of an argument.<\/p>\n<p>Sometimes it's just plain misleading unless you understand a) how it was collected b) what it relates to c) how small some samples are.<\/p>\n<p>As an accountant I can say I can never think of a situation where data came ahead of judgement in formulating a strategy - not least because, just about without exception the decision to be made invariably requires data to be extrapolated - and how you do that is always judgemental.<\/p>\n<p><em>Hat tip to Chris Hopkins<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BBC News &#8211; How one woman can cause economic boom or bust. Sobering thoughts for those economists who think data is the be all and<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/28\/how-one-woman-can-cause-economic-boom-or-bust\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-6247","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=6247"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6247\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}