6/4/11 9:40 AM
R's can't grasp time series data variation, regression fit of job data shows strong + beta-sub-1 slope coeff. Prez O knows stats, Repubs not
May jobs data falls below trend line mean and the math challenged Red Team chortles.
Stats Note: A fundamental of time series analysis... One Data Point Does Not Define A Trend. D'oh!
If any journalists out there need a little schooling on time series regression, let us @BlueRidgeData know, we can help.
From Riley's iPod Touch