Good and bad statistics and GDP
As always, on the last Friday of the month, we will have a meeting and will discuss interesting facts related to statistics, why they are essential, how to spot bad statistics, what we know about GDP (Gross Domestic Product) and how it is calculated. Statisticians, researchers and data journalists have noted many times about biases we have about the world, ignorance regarding the main economic indicators and even wrong perceptions about the areas where we live.
There are a few simple ways to check if the statistics we are interested in are reliable, to see how political forecasts and polls are made, and to find out how important the methodology of conducting different surveys is, starting with Brexit and finishing with our view of the world in the future.