Dan Froomkin/presswatchers.org on Nostr: RT @JustinWolfers Forecasters have systematically underestimated the labor market 13 ...
RT @JustinWolfers
Forecasters have systematically underestimated the labor market 13 months in a row. This *should* be pretty close to statistically impossible (a 0.5^13 = 1 in 8192 chance).
Their mistake: Focusing on the vibe rather than the data.
The vibe is wrong, man.
https://twitter.com/bespokeinvest/status/1654466571388039170
Forecasters have systematically underestimated the labor market 13 months in a row. This *should* be pretty close to statistically impossible (a 0.5^13 = 1 in 8192 chance).
Their mistake: Focusing on the vibe rather than the data.
The vibe is wrong, man.
https://twitter.com/bespokeinvest/status/1654466571388039170