Informational Power: Interpreting the Payroll Employment Report
What is the market impact from the interpretation of data?
It is an open and free debate, but there is a problem. The results follow from advanced statistical methods and processes. Even the smartest hedge fund managers, columnists, and pundits cannot draw independent conclusions. They did not take the right classes. They never did any time series modeling or survey research. Briefly put, they lack the necessary skills to evaluate most data.
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