The European Commission’s Forecasts reaches Airstrip One reality levels

If you don’t understand the reference, go read 1984. After that, read this post, which in good Dutch ‘maakt gehakt’ (makes ground meat) of the Commission’s forecasts. Again an essential post by Bill Mitchell. It is so important not only to have data but also have a proper model, otherwise it still is “garbage in, garbage out”. If I were an entrepreneur, I wouldn’t rely on these kinds of statistics one but.

 

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