Oftentimes, important trends are buried in statistical averages.
You know, the thing drowning in a river with an average depth of 3 feet.
In my Strategic Business Analytics course, I harp on “decomposing” problems and statistics down to their component parts …. to simplify the problems and reveal insights.
Here’s a case in point: the Consumer Price Index (CPI).
For the past 10 years (really, longer), the CPI has pretty much straight-lined upward.
Case closed, steady inflation … right?
Not so fast.
Let’s look at the CPI from a couple of other angles …
The Homa Files 