{"id":9985,"date":"2012-03-26T22:37:38","date_gmt":"2012-03-26T14:37:38","guid":{"rendered":"http:\/\/maddruid.com\/?p=9985"},"modified":"2012-03-26T22:45:23","modified_gmt":"2012-03-26T14:45:23","slug":"2527-understanding-indices","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=9985","title":{"rendered":"[2527] Understanding indices"},"content":{"rendered":"<p style=\"text-align: center;\">[audio:20120322BfmIndices.mp3]<\/p>\n<p><center><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" \/>\u00a0<img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" \/>\u00a0<img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.maddruid.com\/Graphics\/reusable\/the__earthinc.png?w=580\" alt=\"Mohd Hafiz Noor Shams. Some rights reserved\" \/><\/center>So I found myself on BFM radio last week, talking about indices. I thought I sort of flustered a little bit and I answered a particular question quite unsatisfactorily. The host asked, why the change is more important than the actual level.<\/p>\n<p>I should have said, because the base is really\u00a0arbitrarily\u00a0chosen. Because it is\u00a0arbitrarily\u00a0chosen, the level is meaningless most of the time, especially without ranking as reference.<\/p>\n<p>Listen to the interview and you will know what I am talking about.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[audio:20120322BfmIndices.mp3] \u00a0\u00a0So I found myself on BFM radio last week, talking about indices. I thought I sort of flustered a little bit and I answered a particular question quite unsatisfactorily. The host asked, why the change is more important than the actual level. I should have said, because the base is really\u00a0arbitrarily\u00a0chosen. Because it is\u00a0arbitrarily\u00a0chosen, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1488,1489],"class_list":["post-9985","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bfm","tag-index"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/9985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9985"}],"version-history":[{"count":7,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/9985\/revisions"}],"predecessor-version":[{"id":9995,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/9985\/revisions\/9995"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}