[RD] Daily Graphs and Charts II: Another 10,000 to come.

[Samson]

It seems to me that the mean and not average would make sense to use in this case. That way you'd exclude all those extremes (of the super rich, etc.) from the data. It probably skews it somewhat if you go with average

I assume you mean median rather than the mean, and yes it is a rule that a median describes the position of a skewed distribution better than a mean. This is why I am so against using GDP as a measure of wealth of a countries population.

 

[Arwon]

It seems to me that the mean and not average would make sense to use in this case. That way you'd exclude all those extremes (of the super rich, etc.) from the data. It probably skews it somewhat if you go with average

Not for this purpose. These expenditure surveys are used to weight how much each good contributes to the "basket" of goods in the CPI. They wanna know what the average expenditure level is so they can measure changes in prices in a representative way.

This means among other things that the "average" household in these surveys both partly rents and partly owns, partly drives and partly doesn't, etc etc. Because it's a composite of all households.

What I was getting at with furniture is not everyone makes a big ticket purchase every year. If one person buys a new car or a new couch, and nine people didn't, then one tenth of a car and a couch goes on the average annual expenditure category on transport or furnishings.

 

[Samson]

Not for this purpose. These expenditure surveys are used to weight how much each good contributes to the CPI. They wanna know what the average expenditure level is so they can measure changes in prices in a representative way.

What I was getting at with furniture is not everyone makes a big ticket purchase every year. If one person buys a new car or a new couch, and nine people didn't, then one tenth of a car and a couch goes on the average annual expenditure category on transport or furnishings.

This is data from the Office of National Statistics. It is the Bank of England that is concerned with inflation figures, not the ONS. This page seems to be talking about "the average household", and I think a median measure would be more informative for that.

To your CPI point though, I am not sure it makes sense. If the 1% of super rich are spending loads on yachts, and they are getting cheaper while food is getting more expensive, does that mean that state pensions and benefits should not go up as much, or that interest rates should stay low? I do not know the answer, but I cannot see why it should.

 

[warpus]

I assume you mean median rather than the mean, and yes it is a rule that a median describes the position of a skewed distribution better than a mean. This is why I am so against using GDP as a measure of wealth of a countries population.

Ah yes, right you are! And yeah, it seems that this is what you want to do if your data is meant to imply anything about an average household.

 

[Arwon]

This is data from the Office of National Statistics. It is the Bank of England that is concerned with inflation figures, not the ONS. This page seems to be talking about "the average household", and I think a median measure would be more informative for that.

To your CPI point though, I am not sure it makes sense. If the 1% of super rich are spending loads on yachts, and they are getting cheaper while food is getting more expensive, does that mean that state pensions and benefits should not go up as much, or that interest rates should stay low? I do not know the answer, but I cannot see why it should.

ONS is the national statistics organisation, which publishes the CPI used by economic actors such as central banks. That's how it works pretty much everywhere. Central banks don't typically have statistics collection and compilation expertise, and putting together a CPI takes a lot of it.

 

[Samson]

Diwali leaves India capital wheezing in dangerously unhealthy air

 

[Samson]

Global food prices hit 10-year high

 

[warpus]

I was at the New Delhi airport for 8 hours in 2017 and when we were landing you could for sure see how bad the air is. It was similar to Kathmandu, but in Kathmandu a lot of the stuff in the air is dust.

 

[Cutlass]

I was at the New Delhi airport for 8 hours in 2017 and when we were landing you could for sure see how bad the air is. It was similar to Kathmandu, but in Kathmandu a lot of the stuff in the air is dust.

Major cities that don't work at reducing air pollution have it worst. Because they just emit so much.

 

[Cutlass]

Global food prices hit 10-year high

An awful lot of that is supply disruption in the processing plants.

 

[warpus]

 

[Cutlass]

Posted that before. It's pretty funny.

 

[mitsho]

It‘s funny, but it‘s also okay. They are all adults there.

 

[warpus]

The thing is - if Leo wasn't famous people would make fun of him, call him a creep, and say that he has to follow a formula that's uhm his age minus 7 divided by 2 or something like that. And if he was female he would get a complete pass for dating young men.

Legally okay but still not something our society accepts as something moral in all cases, if the ages are too much out of whack and the genders are wrong. And IMO there is something to the age part of that. Maturity levels are completely different in 18 year olds vs 40 year olds. The older you are, the more power you usually have in terms of disposable income for instance - this power can be easily abused on somebody younger who is still naive about dating. Just my personal thoughts on this. Obviously legal is legal so let's do this!!

 

[stfoskey12]

The thing is - if Leo wasn't famous people would make fun of him, call him a creep, and say that he has to follow a formula that's uhm his age minus 7 divided by 2 or something like that. And if he was female he would get a complete pass for dating young men.

Legally okay but still not something our society accepts as something moral in all cases, if the ages are too much out of whack and the genders are wrong. And IMO there is something to the age part of that. Maturity levels are completely different in 18 year olds vs 40 year olds. The older you are, the more power you usually have in terms of disposable income for instance - this power can be easily abused on somebody younger who is still naive about dating. Just my personal thoughts on this. Obviously legal is legal so let's do this!!

I feel like a 40-year-old woman dating a 20-year-old man is seen as weird too. It's just a lot rarer so people don't talk about it as much.

 

[warpus]

Cougars are sort of celebrated. Look at Sarkozy. Nobody assumes he was taken advantage of in any way. There's even cougar bars.. Imagine bars set up where older men can hit on and pick up younger girls.. But this is a tangent

 

[GinandTonic]

 

[Samson]

These are the questions. I am shocked that 38% of people thought the government was OVER counting covid deaths.

Spoiler Table of questions and responses :

 

[The_J]

Yeah, I wonder what the rationale for that would be .

 

[JohannaK]

Cougars are sort of celebrated. Look at Sarkozy. Nobody assumes he was taken advantage of in any way. There's even cougar bars.. Imagine bars set up where older men can hit on and pick up younger girls.. But this is a tangent

It's Macron who is married to his high school teacher.