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View Diary: Researchers finally replicated Reinhart-Rogoff, and there are serious problems. (124 comments)

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  •  It's a combination. And rather than GIGO... (1+ / 0-)
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    ...there was a case of selective self-serving data exclusion, and a weird, indefensible (and also self-serving) weighting scheme - or rather lack thereof.

    btw, my boss just forwarded me this snippet that suggests that the "London Whale" story is also related to Excel spreadsheet fun.

    Bottom line, whether or not you have nefarious intent, Excel-based spreadsheet analysis is not a serious scientific tool. And I say that as someone who actually likes Excel; it's by far the best of Microsoft Office.
    It's great for small-scale to medium-scale data manipulation, for making pretty tables, or for minor accounting tasks. But for real research or anything else that requires proper documentations - it's simply the wrong tool.

    •  Yes, the whole thing (0+ / 0-)

      makes me suspicious that it could have been intentional rather than GIGO.

      We'll just exclude a little of this, a little of that, drop a few countries here and there, and voila!  We have the results we want!

      The banks have a stranglehold on the political process. Mike Whitney

      by dfarrah on Tue Apr 16, 2013 at 03:48:22 PM PDT

      [ Parent ]

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