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View Diary: Wall of Shame: Republicans Lose Intellectual Cover for Austerity/Spending-Cut Policies (87 comments)

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  •  I just double checked (1+ / 0-)
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    the link in that paragraph -- it works fine. Business Insider is actually a fairly progressive publication for Finance-world standards.

    And it's written by Konczal himself...goes into detail about the errors.

    The "Excel coding error" is just sort of the head-line point that grabs people's attention, but it was significant enough to fubar the whole shabang too.

    Deficits don't matter, jobs do.

    by aguadito on Wed Apr 17, 2013 at 07:13:09 AM PDT

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    •  I realize the link works, that was how I (1+ / 0-)
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      was able to read it.

      My point was that the "coding" error was rather insubstantial in the larger scheme of things - there were at least two larger issues.

      Plus, is simply not being able to use excel competently really even a "coding" issue?

      •  i just saw (0+ / 0-)

        a link from the Harvard Business Review by Justin Foxthat goes into more detail if you're interested in something other than Konczal's review.

        The Excel coding error alone accounts for the negativity of the growth rate in the >90% part in the R&R study.

        The other issues are the "methodological" ones I reference and link to in the diary -- as mentioned above the selective exclusion and unconventional weighting of country data.

        Deficits don't matter, jobs do.

        by aguadito on Wed Apr 17, 2013 at 07:41:19 AM PDT

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        •  As I pointed out above, the "coding" (3+ / 0-)
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          aguadito, Nailbanger, ferg

          error resulted in a change from -0.1 to +0.25%

          While the real value should have been +2.2%  - IOW it accounted for about 15% of the discrepancy (i.e,. 0.35 relative units of the 2.3 gap).

          The bigger point here is that in theory at least this could have been a simple, inadvertant error.  While the other problems (selective use of data, non-standard weighting) are much more serious and could not happen from a simple mistake - instead they were deliberate and smack of fraud.

          Just saying, they seem like much more worthy candidates to highlight and emphasize.

          •  good point (1+ / 0-)
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            Roadbed Guy

            I've included the mention of those errors in the paragraph discussing the methodological issues, so as not to gloss over them.


            Deficits don't matter, jobs do.

            by aguadito on Wed Apr 17, 2013 at 08:02:36 AM PDT

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          •  er (0+ / 0-)

            what i mean is I've ADDED them now per your suggestion.

            not that I had already included them :P

            thanks again, I didn't realize I had totally avoided going into the details of that.

            good catch and thanks for your input :)

            Deficits don't matter, jobs do.

            by aguadito on Wed Apr 17, 2013 at 08:04:00 AM PDT

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