4min chapter

Statistically Speaking cover image

Communicating Uncertainty: How to better understand an estimate.

Statistically Speaking

CHAPTER

Challenges in Estimating Economic Data and Misuse of GDP Estimates

Exploring the difficulties in estimating economic data at smaller geographies, addressing issues such as sampling variability and data infrastructure challenges. Emphasizing the need for enhancing data quality to reduce uncertainty, especially in estimating regional data within the UK and cautioning against the misuse of GDP estimates in media and politics.

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