Watch Your Statistics or Face Lempert
Francis, David R., The Christian Science Monitor
LEONARD LEMPERT is an agreeable fellow - until it comes to journalistic mistakes in economic statistics.
When those are made, as he acknowledges, he has become "more and more cantankerous."
Mr. Lempert has the background to criticize. He started publishing a newsletter on the latest economic statistics in 1954 from his home in North Egremont, Mass., a town of about 1,200 people. In those days, many statistics on the economy were not "seasonally adjusted"; they did not take account of seasonal trends, such as the upswing in retail sales before Christmas and the slump in construction during the winter. Lempert pioneered seasonally adjusting the numbers and delighted …
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Publication information: Article title: Watch Your Statistics or Face Lempert. Contributors: Francis, David R. - Author. Newspaper title: The Christian Science Monitor. Publication date: June 4, 1993. Page number: 9. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.
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