Andrew Sullivan titles this graph (from Modeled Behavior) "Over the Hump?". Let's all keep in mind that "new claims" is a first derivative. To me the hump is when unemployment starts to fall, not when it stops accelerating.
Calculus and misleading graphs
Andrew Sullivan titles this graph (from Modeled Behavior) "Over the Hump?". Let's all keep in mind that "new claims" is a first derivative. To me the hump is when unemployment starts to fall, not when it stops accelerating.
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