All articles tagged with #data accuracy
President Trump announced plans to nominate E.J. Antoni, a conservative economist and critic of BLS data, as the new BLS commissioner, following the firing of the previous commissioner amid controversy over the jobs report and concerns about data integrity and political influence.
COVID-19 cases are rising this summer, but tracking is less accurate due to reduced testing, reporting, and funding following the end of the public health emergency. Despite discrepancies in data, experts warn of a potential summer spike, especially in areas with high wastewater COVID levels, and recommend precautions like masking and good air hygiene.
Fusion Media Limited warns users about the high risks associated with trading financial instruments and cryptocurrencies, emphasizing the volatility and potential for loss. The company advises traders to be fully informed of the risks, consider their investment objectives, and seek professional advice. Additionally, Fusion Media notes that the data on their website may not be real-time or accurate, as it may be provided by market makers rather than exchanges, and is not suitable for trading purposes. Users are prohibited from using the website's data without permission.
A new study published in the American Journal of Obstetrics & Gynecology challenges the extent of the maternal mortality crisis in the United States, attributing inflated rates to data classification errors. Despite the adjustment, racial disparities persist, with Black pregnant individuals facing higher rates of complications. Experts emphasize the need to target public health outreach to address conditions affecting patients of color, while also calling for improved tracking of maternal health outcomes and interventions to prevent preventable deaths.
China's official GDP growth data for 2023 has sparked skepticism, leading to a market for alternative calculations, as not all agree with the reported 5.2% growth. While there's a consensus that the economy did grow, suspicions about data accuracy persist, prompting reliance on alternative indicators like domestic flight numbers and consumer-focused company revenue growth.
Despite the booming fitness tracking industry and the widespread use of health data, the accuracy and relevance of the data are questionable, leading to ineffective outcomes in improving health. The author suggests that a more mindful approach to health data is necessary, emphasizing the need for accurate, relevant, and actionable data. While acknowledging the potential benefits of certain health technologies, the author advocates for a "data diet," where individuals use data as a means to an end rather than a source of validation, and prioritize listening to their bodies and focusing on holistic well-being.
The National Retail Federation has retracted its claim that nearly half of the $94.5 billion in missing merchandise in 2021 was due to organized theft, acknowledging that the figure was likely closer to 5 percent. The retraction comes after it was revealed that faulty data had been used to arrive at the inaccurate estimate. Despite claims from retail chains about being victims of large shoplifting operations, data suggests that the perception of rampant criminality is unfounded.
The National Retail Federation (NRF) has retracted its claim that organized retail crime accounted for nearly half of all inventory losses in 2021. The NRF acknowledged challenges in gathering accurate data and removed the statistic from its report, which was conducted in partnership with K2 Integrity. The error stemmed from a misinterpretation of a quote from a former president of the Coalition of Law Enforcement and Retail (CLEAR). CLEAR stands by its estimate that organized retail crime leads to $45 billion in annual inventory losses. Retail crime data is often unclear, with shoplifting trends showing mixed results across different cities. Some experts suggest that companies may be using the focus on theft to divert attention from other challenges in the retail industry.
The National Retail Federation (NRF), a leading retail lobbying group, has retracted a key claim about inventory losses after an investigation revealed its inaccuracy. The NRF had published a report stating that nearly half of the estimated $94.5 billion lost to shrink in 2021 was attributable to organized retail crime (ORC), contradicting its own annual shrink survey. The retraction highlights the difficulty in accurately measuring the impact and source of inventory losses in the retail industry. The NRF acknowledges the challenges in gathering and analyzing data on theft but emphasizes that organized retail crime remains a serious problem. The incident raises skepticism about the reliability of industry data and reinforces the need for accurate information to inform policy decisions.
The National Retail Federation has retracted its claim that nearly half of the $94 billion in retail losses in 2021 were due to organized retail crime, stating that the claim was based on faulty data and an unconfirmed statement. While retail theft remains a concern, experts highlight that the reasons behind store closings are complex and include factors such as post-pandemic commuting patterns and the rise of online shopping. The NRF acknowledges the challenges in gathering accurate data on incidents and emphasizes the need for collaboration between the retail industry and law enforcement to address the issue.
U.S. News & World Report has delayed the release of its annual list of top law schools and medical schools as it addresses an "unprecedented number of inquiries" from schools about the data. Many leading law and medical schools have revolted against the powerful rankings, refusing to participate in a system that some deans called arbitrary and counter to the missions of their schools. Some law schools are questioning whether the numbers used in the new rankings are right, with much of the concern centering on employment-related data.