A lot has changed since Hurricane Katrina struck the Gulf Coast. This Extra Credit article introduces the updated Katrina's Classroom curriculum.
Brent Meyer and Guhan Venkatu
Working Paper 2014-3 (March)
Investigating trimmed-means inflation measures, the authors explore whether a particular measure dominates the median consumer price index. Using an equality of prediction test, they find that a large swath of trimmed means have statistically indistinguishable performance.
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