All the official stats need a makeover,, roll them back to the 1970’s and recalculate going forward to get a true picture of where we are and how far we need to go.
www.shadowstats.com
And it needs to be done now so it can be attached to obammy. If Trump waits too long it will all be on him according to the press.
Even a month is probably too long.
Accurate data and statistics make good decisions possible.
Liberals jigger the numbers to allow unreliable results.
Garbage in, garbage out.
This is a big step in the right direction.
Once we get good, real numbers, then many decisions by government and private business will be much better.
For a free market to work, the information must be as reliable as possible.
TWB
Transparency is important. Implement the new system and present the new data series side by side with the old one for a reasonable transition period. Backdate the new system gradually. When enough time has passed, we could drop the old system but leave it archived and readily accessible for comparative purposes.
Bad information and old information lives forever electronically. Long time series are valuable. Any recalibration needs to be very clearly marked and constantly referenced.
All the official stats need a makeover,, roll them back to the 1970’s and recalculate going forward to get a true picture of where we are and how far we need to go.
www.shadowstats.com
Exactly. It’s scientific to use the same measurement analytic over time, otherwise it turns into gaming the statistics for political purpose. Doing so over time erodes trust in the numbers to the point where everyone knows the numbers are a lie (like having full employment with 100M out of the workforce).
Don’t do it in a vacuum. Revise Obama’s numbers at the same time.