Let's say you've just read through some economic report or even study. How do you determine if the data set the opinions of the report are based on accurately reflect what's actually happening? What are your criteria for determining the relevance of that data?
When you have two similar reports that reach opposing positions on a topic, what is your thought process to determine which report is based on better data?
How do you determine if source data is trustworthy?
byu/Tired_Linecook inAskEconomics
Posted by Tired_Linecook
1 Comment
You can often read through a data’s methodology and also find secondary literature on the quality of different data sources. If a data source is opaque enough to have neither their methodology or third party analysts with access to their methodology, that’s a red flag worth a grain of salt at the very least.