Southern Crop

Southern Crop

Why Experts Make Bad Calls

In 2003, Michael Lewis wrote a book arguing for the algorithm that got made into a movie. “Moneyball” described how a low-budget Major League Baseball team, the Oakland Athletics, had become a contender by believing the statistics rather than the scouts — and by focusing on smarter stats. Brad Pitt played Athletics general manager Billy Beane.

 

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Food Price Outlook

At ERS, work on the CPI for food consists of several activities. ERS reports the current index level for food, examines changes in the CPI for food, and constructs forecasts of the CPI for food for the next 12-18 months. Forecasting the CPI for food has become increasingly important due[…]

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