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How ‘Base Effects’ Trip Up Our Understanding of the Economy
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In the months ahead, we’re about to encounter a big challenge with economic data.
It’s what economists call base effects, a term meaning that when you look at changes to data over time, you might be learning more about what happened a year ago than right now.
Read more on wsj.comAbout this in other media
U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return wsj.com /1 year ago
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Chinese Exports Pull Back Again, Hampering Post-Covid Recovery wsj.com /1 year ago
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