Spinning Black Friday Retail Sales
A few things you can count on every year around this time:
- Sales data for Black Friday will be touted by biased interest groups. They are invariably have an upside bias;
- Headline writers will get it wrong
- Survey data will be taken as the equivalent of actual sales;
- Strong forecasts will be subsequently proven wrong;
Such is the current situation with the Black Friday sales data, with reports still trickling in from around the country.