I have read through the grooming report from the Home Office.
Here, in this thread, I will take you through the mathematical hoops they have jumped through in this deeply flawed analysis.
Thread 👇
One way to force a conclusion is to only range over a small and carefully chosen set of data points. In this case, the report used a limited number of use cases which largely ignored the high profile grooming gangs of Pakistani origin.
A typical data trick is to only use one troublesome dataset - generally the most high profile one. This gives plausible denial on accusations of manipulation of source data.
A tautology is a statement which is true by virtue of its logical form. I.e. a statement which is inevitably true. Such statements are not worth declaring as they have no statistical significance.
In a broadly white country, this statement is tautological. The real question is, were other groups present in a statistical significant way?
The whole point of data analysis is to uncover statistically significance results - not to restate tautologies.
This trick does, however, produce lovely quotable headlines which will reassure people of their own anecdotal conclusions.
_This is what we call “the pericope trick”_
Whenever you don’t want to use a data item, you can just blame data quality. In this case, they often cited data quality on ethnicity classifications.
The UK ethnicity enumeration is flawed in many areas.
In any given set of statements, there will be a range of values. Each item in the range will then have a corresponding frequency count. So some items might be present once and others hundreds of times.
_This is what we call “the range trick”_
A final trick I will mention is to mix-up the definition of data types and classes. You can, for example, deliberately use nationality in place of ethnicity when it suits your cause.
_This is what we call “the predicate trick”_
More from Economy
I know I’ve been beating this redlining and wealth gap drum for 20+ years but here is a GREAT cliffs notes version.
But don’t take @ambermruffin’s word for it. You should get references...
A thread
How homes in Black neighborhoods are undervalued by $156
Every major bank in the US has been sued for mortgage discrimination and a study that included every mortgage in America found that Banks charge higher interest rates to nonblack customers
https://t.co/sx9tWWB98s
Baltimore redlined areas in 1935 vs Baltimore Drug arrests in 2016
But don’t take @ambermruffin’s word for it. You should get references...
A thread
How did systemic racism get so dang strong? Find out a few of the like bajilliondy ways in our new segment, How Did We Get Here! pic.twitter.com/f4HfISckXh
— amber ruffin (@ambermruffin) January 30, 2021
How homes in Black neighborhoods are undervalued by $156
Every major bank in the US has been sued for mortgage discrimination and a study that included every mortgage in America found that Banks charge higher interest rates to nonblack customers
https://t.co/sx9tWWB98s
Baltimore redlined areas in 1935 vs Baltimore Drug arrests in 2016
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One of those strategies which I like is Iron Fly✈️
Few important points on Iron fly stategy
This is fixed loss🔴 defined stategy ,so you are aware of your losses . You know your risk ⚠️and breakeven points to exit the positions.
Risk is defined , so at psychological🧠 level you are at peace🙋♀️
How to implement
1. Should be done on Tuesday or Wednesday for next week expiry after 1-2 pm
2. Take view of the market ,looking at daily chart
3. Then do weekly iron fly.
4. No need to hold this till expiry day .
5.Exit it one day before expiry or when you see more than 2% within the week.
5. High vix is preferred for iron fly
6. Can be executed with less capital of 3-5 lakhs .
https://t.co/MYDgWkjYo8 have R:2R so over all it should be good.
8. If you are able to get 6% return monthly ,it means close to 100% return on your capital per annum.