Thursday 13 October 2011

Counting By Numbers



If a link is long or complicated it is better that the post be short. The link below is not long but does require careful reading.

Given that so many of our troubles arise from issues related to accounting and the presentation of financial data that is assumed to be reliable but all too often is not it is a thought provoking article.

http://econerdfood.blogspot.com/2011/10/benfords-law-and-decreasing-reliability.html

The article was sent to me by someone who can handle the mathematics and knows how figures can be worked through systems and computers.

If the writer of the article has established that much of the data and information we have available to make crucial decisions essentially is rubbish then the decisions will be rubbish.

Perhaps we already know that.

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