31 Jan '16, 4am

Fort à propos https://t.co/DW4uidnCCY

Fort à propos https://t.co/DW4uidnCCY

I could not replicate MOM’s figures for Labour Force Participation Rate, using MOM’s own definition. Using the raw data that the ministry provided, the ratios work out to about a one-percentage point difference from their calculation. Why this is so is unclear, but it is consistent with my experience with government statistics — they don’t fit together nicely. Now, there may be good reasons why MOM’s figures are slightly different than those obtained by a simple application of their own formula, but — and it’s consistent with my experience again — the opacity of process (i.e. unable to see how they arrived at their calculation), the lack of sufficient depth of raw data, make it impossible to fathom. One is supposed to take their figures on trust.

Full article: https://yawningbread.wordpress.com/2016/01/30/bad-news-wa...

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