Tuesday, 4 March 2014

Murdoch's minions at play with their coloured pencils

What’s wrong with this graph?

Total business investment. Source: TheAustralian

In an effort to convince voters that the economy is going downhill fast, The Australian online on 28 February 2014 has decided that it knows the future beyond a shadow of a doubt all the way through to the end of the 2014-15 financial year.

Marrying past nominal expenditure percentage change with projected estimates without explanation in the graph legend.

Using a red pencil to mark in future bars is no substitute.

As this graph will live on in Google searches, the newspaper gets zero marks for its efforts to add colour to Australian Bureau of Statistics new capital expenditure data.

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