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Phil Green

Phil Green

author, misLeading Indicators: How to Reliably Measure Your Business

Canada | Professional Services - Business Consulting

Brilliant propaganda, but lousy indicator of rate of growth of US debt.

Posted over 9 years ago, 3 comments
There is a little graphic being circulated around the Internet intended to show that President Obama has recklessly doubled the total US debt accumulated since President Washington.
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Dead right.

Posted over 9 years ago, 1 comment
I snapped this picture at a cross walk in Manhattan near Central Park over the weekend. What does it say? Stop or walk? You could walk and not, technically, be jaywalking.  You stand a good chance of getting smacked by a car though if you do. You’d be technically right. And maybe even dead right.
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Are Americans getting wealthier or poorer? It depends on how you measure “wealth.”

Posted over 9 years ago, 4 comments
The standard measure of wealth is GDP per capita. The chart below shows that Americans have been getting continually wealthier for decades, with a few blips here and there (source of data). The measure of wealth—Gross Domestic Product, is based on the dollar value of economic transactions.
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Accident stats don’t tell you much about safety

Posted over 9 years ago, 1 comment
On April 9, 1992 the Canadian Institute of Mining, Metallurgy and Petroleum awarded the Westray Mine the coveted John. T. Ryan Award. The Institute grants the award every year to the mine that had the lowest accident frequency per 200,000 hours worked during the previous calendar year in Canada.
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Studies show studies don’t show

Posted over 9 years ago, 2 comments
It’s used in medical research, engineering research, and just about every other form of research. It determines whether research is “significant” or destined for the garbage bin. And it is one of the most misleading indicators ever developed.  It is known as the “p-value.”
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