If the current trends to be taken into account almost entire working of government, businesses and economists are based on statistics.. then should you be worried? Austrian Economists reject the emphasis on statistics in the study of economics. Statistics is a method for the presentation of historical facts concerning prices and other relevant data of human action. It is not economics and cannot produce economic theorems and theories. The statistics of prices is economic history. Figures alone prove or disprove nothing. Only the conclusions drawn from the collected material can do this. And these are theoretical. - Ludwig von Mises Lies, damned lies, and statistics en.wikipedia.org/wiki/Lies,_damned_lies,_and_statistics How to Lie with Statistics en.wikipedia.org/wiki/How_to_Lie_with_Statistics Statistical Fallacies ncl.ac.uk/ceg/assets/documents/seminars/StatisticalFallacies.pdf
Posted on: Sun, 02 Mar 2014 10:40:57 +0000