Friday, June 1, 2012

Statistics

When I took a statistics course in college I hated it, in fact I took it twice to compensate for the bad grade I got in it the first time.  So it's not so surprising to me that I still hate it. 

Here is Wikipedia's definition: 
Statistics is the study of the collection, organization, analysis, and interpretation of data.[1][2] It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments.[1]


I guess what I hate is the "interpretation" of it.  As we all know from debates anyone can pick a side and argue the point to some relevancy.  That is what is going on with news on foreclosure, it's down, it's up, short sales are up (not statistically calculated with---people still losing their homes), and everything in between.  So according to the news foreclosures were down 2.6% in April but FHA foreclosures were up 73%, and short sales are up.  So really what is the true picture?  

The sad part, who knows, it is all in the way one reporter over another organizes the data.
The part that still bothers me--taking out all the mumbo jumbo, is people, real people, people with faces like me, are still losing their homes.  And big banks, really any bank, are still not willing to work with the homeowner.














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