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Tim Tebow, Silicon Valley, Inflation, and Black Friday -- How Statistics Fail Us.
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- Author(s): Karlgaard, Rich
- Source:
Forbes.com. 11/30/2011, p31-31. 1p.
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- Subject Terms:
- Abstract:
The article discusses the negative effects of flawed statistical averages on the U.S. economy in 2011. It says that statistical averages cannot tell if Silicon Valley is in a boom or not. According to the author, confusion about statistical averages leads to confusion in policy and asset allocation. Information on inflation as an example of flawed statistical averages in economics is also presented.
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