Posted to Herald Sun (9/10/2011) on 9/10/2011 at 4:38 AM (Not published by Newspaper)
Commenting on “Data quells double-dip recession fears”
http://www.heraldsun.com.au/business/data-quells-double-dip-recession-fears/story-fn7j19iv-1226162061336
It's a load of mumbo-jumbo when ABS provides two sets of data, one actual and the other seasonally adjusted. The latter is used by RBA and for other reporting purposes. This contradicts the argument about climate change - if such man-made phenomenon does take place, the seasonal pattern cannot be relied on, and the mathematical model will be inaccurate.
There is another flaw using seasonally adjusted data; the real disastrous impact of financial crises resulting from external environment may be diluted which thus leads to incorrect formulation of corrective policies.
Commenting on “Data quells double-dip recession fears”
http://www.heraldsun.com.au/business/data-quells-double-dip-recession-fears/story-fn7j19iv-1226162061336
It's a load of mumbo-jumbo when ABS provides two sets of data, one actual and the other seasonally adjusted. The latter is used by RBA and for other reporting purposes. This contradicts the argument about climate change - if such man-made phenomenon does take place, the seasonal pattern cannot be relied on, and the mathematical model will be inaccurate.
There is another flaw using seasonally adjusted data; the real disastrous impact of financial crises resulting from external environment may be diluted which thus leads to incorrect formulation of corrective policies.