Duke of Waffles @sglgames.com · Dec 17 Could you please explain how the control group is used with macro data? The current trend is pretty strong in retail even with seasonal adjustments
0 likes 1 replies
?
Replies
"General merchandise" is department stores. It is *not representative of overall consumer spending*. The control group is the series that BEA uses to estimate personal consumption expenditures (which feed in to GDP).