Last week, two major wage data releases came out from the Australian Bureau of Statistics. On Wednesday (February, 24, 2021), the – Wage Price Index, Australia – which was followed on Thursday (February 25, 2021)…
Cumulative number of deaths by number of days…
Email subscription to this blog Real World Economics Review The RWER is a free open-access journal, but with access to the current issue restricted to its 25,952 subscribers (07/12/16). Subscriptions are free. Over one million…
You lost! Badly! Humility not hubris is needed…
When the Remain vote lost the June 2016 Referendum there was a sense of denial. They had lost but only because of the ingrates that voted the Leave. And sooner, rather than later, those dolts…
Coronavirus: upward trajectory or flattened curve?
Email subscription to this blog Real World Economics Review The RWER is a free open-access journal, but with access to the current issue restricted to its 25,952 subscribers (07/12/16). Subscriptions are free. Over one million…
Machine learning — puzzling ‘big data’ nonsense
Home > Uncategorized > Machine learning — puzzling ‘big data’ nonsense Machine learning — puzzling ‘big data’ nonsense from Lars Syll If we wanted highly probable claims, scientists would stick to low-level observables and not seek generalizations,…
The coronavirus will redefine what currency-issuing governments can…
Life as we knew it is changing fast, almost by the hour. Most of my speaking engagements, which were heavily booked for the foreseeable future, have been cancelled or deferred. All the gigs that my…
Prepare for the coronavirus global recession
Home > Uncategorized > Prepare for the coronavirus global recession Prepare for the coronavirus global recession from Larry Elliot in The Guardian Travel bans. Sporting events cancelled. Mass gatherings prohibited. Stock markets in freefall. Deserted shopping malls.…
Statistical models for causation — a critical review
Home > Uncategorized > Statistical models for causation — a critical review Statistical models for causation — a critical review from Lars Syll Causal inferences can be drawn from nonexperimental data. However, no mechanical rules can be…
The Weekend Quiz – March 14-15, 2020 –…
Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then…