Month: December 2016

Fallacies in analysing the impact of gas prices

Fallacies in gas price sensitivity Dec 27, 2017 Writing in the Financial Post, Terence Corcoran argues (read original article here)¬†that gas prices have had no impact on the demand for gasoline.¬† He presents the proof positive as the following chart         This is a classic example of simultaneous equations bias, which typically […]