Re: shadow government statistics

[Leigh Meyers <the.buffalo.in.the.midst@xxxxxxxxx>]

"One of my early clients was a large manufacturer of commercial
airplanes, who had developed an econometric model for predicting
revenue passenger miles. The level of revenue passenger miles was
their primary sales forecasting tool, and the model was heavily
dependent on the GNP (now GDP) as reported by the Department of
Commerce. Suddenly, their model stopped working, and they asked me if
I could fix it. I realized the GNP numbers were faulty..."

I like him. He freely admits there's something wrong with the way the
GNP was/is calculated.

I always thought there were intrinsic differences between the GNP and the GDP.

Leigh

"Every time a cancer patient is diagnosed, the GNP goes up.
Every time a forest falls to a paper company, the GNP goes up.
.
.
Is this any way to mesure progress?

... A message from the 'Media Foundation"

--Adbuster's tv/radio advertisement refused by every major media
outlet (except CNN).


On 2/19/07, Michael Perelman <michael@xxxxxxxxxxxxxxxxx> wrote:
> Is this work any good?
>
> http://www.shadowstats.com/cgi-bin/sgs/
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
> michaelperelman.wordpress.com