Isn’t free great? Everyone likes free.
Nothing is free, believed by the economists who believe that there’s always something behind free things or they may be free but as an opportunity cost.
Still, many analysts of Freedonia’s industry depend on free. The government provides public data in sequence to do our work. It’s very same for competitors and customers.
“Yet government data is gold standardized!” is the sharp answer we hear. It is a legal right that the US government can demand from the people and companies to react to their data collection efforts.
But it is often expected to be wrong. Apart from the assumption, it can be an expensive mistake.
Let’s say, for example, it can be frustrating to discover a free government source like the US International Trade Commission (USITC) hit in the NAICS code for a particular industry, and the assumptions of the trade statistics returned are logical, absolute, and applicable. Well, they’re not.
Raw data needs work. The Freedonia Group helps in the task of upgrading free but inaccurate data.
Examples of Flawed Data Required of Correction
Historical imports for consumption are there in the charts. Analysts adjusted the data before and will continue after Freedonia Focus Reports. Imports might not crater in a single year, as proven by our experience. Well, some of the imports can crate in a year, like in case of regulatory changes, growth from a small base.
Complicated cases can tell us visually if something is wrong by comparing the series to data used in our reports’ earlier versions after several days of consultation to understand who was responsible for publishing data to recognize the problem with the help of government entities.
We found the changed products the government assigned to the NAICS codes, as shown above, yet did it very inaccurately yearly. Thus it became our duty to establish our grouping of products based on our research and intelligence of the topic.
Expertise in Research Matters
Just picture putting the destiny of a business, investment, or corporation goodwill in the hands of a free data series which is so advanced for this world.
This advancement is the reason for people choose us. They are even accessed to find free information. We will get paid for our time and knowledge in finding and repairing problems. We will receive materials for research and essential tools needed.
For a more visual experience of bad data, look over other posts.