Comments on: Why year-ended inflation data? http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/ Fearlessly dispensing political, legal and economic analysis (and some whimsy) since 2002 Thu, 24 May 2012 23:08:11 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: James Farrell http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/#comment-242086 James Farrell Mon, 25 Feb 2008 11:50:00 +0000 http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/#comment-242086 sdfc Ricky Ponting's last four ODI scores were 25, 10, 11 and 124. Making a forecast for the next match, I could either phrase it: (1) His four-game average will increase from 43 to 61; or (2) He'll score 100. What advantage do you see in the former method? sdfc

Ricky Ponting’s last four ODI scores were 25, 10, 11 and 124. Making a forecast for the next match, I could either phrase it: (1) His four-game average will increase from 43 to 61; or (2) He’ll score 100.

What advantage do you see in the former method?

]]> By: sdfc http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/#comment-241197 sdfc Sat, 23 Feb 2008 09:03:28 +0000 http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/#comment-241197 Why is forecasting an annual rate weird? Are you suggesting they forecast quarterly inflation out to mid-2010? Why is forecasting an annual rate weird? Are you suggesting they forecast quarterly inflation out to mid-2010?

]]> By: James Farrell http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/#comment-240408 James Farrell Thu, 21 Feb 2008 05:28:27 +0000 http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/#comment-240408 Well, thanks for making a comment, Mark. But I did lay out some quite specific objections, so unfortunately it will require something more than 'I don't see anything odd' to overcome them. Well, thanks for making a comment, Mark. But I did lay out some quite specific objections, so unfortunately it will require something more than ‘I don’t see anything odd’ to overcome them.

]]> By: Mark U http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/#comment-240147 Mark U Wed, 20 Feb 2008 12:52:47 +0000 http://clubtroppo.com.au/2008/02/20/why-year-ended-inflation-data/#comment-240147 The year ended calculation is the percentage difference between the price level in the current quarter and the price level four quarters ago. That is, it is the inflation rate over the last year (or over four quarters). I don't see anything particularly odd about using this figure. In fact, the Commonwealth Treasury provides forecasts of a whole range of economic variables on this basis in its Budget papers. The year ended calculation is the percentage difference between the price level in the current quarter and the price level four quarters ago. That is, it is the inflation rate over the last year (or over four quarters). I don’t see anything particularly odd about using this figure. In fact, the Commonwealth Treasury provides forecasts of a whole range of economic variables on this basis in its Budget papers.

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