Statistical Adjustment (Seasonal/Inflation Adjustment and More) Defined & Explained in One Minute

Why should you care about statistical adjustment? Isn't it more "honest" to simply present the initial numbers rather than go down the path of seasonal adjustment or adjusting for inflation? Well... no. A lot of times, numbers can be misleading and it's precisely statistical adjustment which helps you figure out what they actually mean. For example, an interest rate of 5% might see high but if the inflation rate is 7%, then after adjusting for inflation, you'll realize the deal you were initially excited about was actually very bad. Examples of why statistical adjustment is a must-have tool in your arsenal abound. From examples which pertain to seasonal examples to situations in which inflation adjustment or other forms of statistical adjustment are in order, this video will hopefully convince you why it's important to see beneath the surface when it comes to statistics. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is:   / oneminuteeconomics   Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Managem... Barnes & Noble - http://www.barnesandnoble.com/w/wealt... iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebo... My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Sp... Barnes & Noble - https://www.barnesandnoble.com/w/the-... iBooks (Apple) - https://itunes.apple.com/us/book/age-... Kobo - https://www.kobo.com/ww/en/ebook/the-... Last but not least, if you'd like to follow me on social media, use one of the links below:   / oneminuteeconomics     / andreipolgar     / andrei-polgar-9a11a561