Nov
03

Crummy Confidence

Confidence intervalThe Commerce Department reported that September new home sales increased 0.2% from August. The problem is the report has a reported margin of error of +/- 15.7%. September sales could have been up as much as 15.9% or down by 15.5%, no one knows! The month before sales were up 18%, but were they? In August the margin of error was +/- 16.3%!!!! The solution, totally ignore these monthly reports.

Share This Post
Facebook Twitter Email

Speak Your Mind

*