Deeply Dippy from Dangerous Data

News agencies across the country have been frothing at the mouth over the possibility of a triple dip recession. I have puzzled over this term for a while now, as headline-friendly economic analysis uses the same old this quarter/last quarter, this year/last year comparatives that drive me nuts. What then, does the UK’s growth rate look like when you put it into time series SPC charts? Continue reading

Tales from the Private Sector; the rush to get the figures out

Month end is the dread of every finance department. The pressure is always on to “get the figures out”. The figures are normally based on monthly management accounts and contain some sort of variation on the “this month/year to date/same period last year” type analysis. For most companies, they are the single most important measure of performance and the only ones that are discussed consistently at every senior management meeting. They are also the only measure that financial backers tend to care about. Coincidence? Continue reading