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factory orders

On revisions, episode III

April 6, 2009

Or: Yet More Ways to Lie With Statistics. Last Thursday, the month-over-month percent change in factory orders for February was announced at 1.8%.  The expected number was 1.5%.  Sounds like good news, right?  Unfortunately, the January number was revised from -1.9% to -3.5% in the same release. The easiest way to make a month-over-month change […]

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