News for hackers. Stuff that matters.
Re:The Excel Depression by podperson on Friday April 19, 2013 @12:28AM (#5574820)
The errors in question has nothing to do with inherent flaws in Excel (beyond, perhaps, the difficulty of reviewing Excel code). The problems were in decisions made to exclude data, arbitrary "analysis" with no basis in statistics or common sense (19 - IIRC - years of data from England were given the same weight as one year of data from New Zealand), and an egregious formula error that simply ignored several rows of data.
Re:The Excel Depression by Toenex on Friday April 19, 2013 @05:08AM (#5575626)
beyond, perhaps, the difficulty of reviewing Excel code

This has always been one of my concerns when Excel is used much beyond 'electronic squared paper'. The interwoven data and code nature of the tool makes testing and verification more difficult - certainly not impossible but going against the grain of the tool. Excel is used by a diverse range of people, many of whom have limited software skills and could do with a tool that enforced the right behaviour.

Also I think this shows the need for openness when people make such important claims based on data. Particularly in this case where all the data and calculations could easily be zipped up and put on a website.

Re:The Excel Depression by james1071 on Saturday April 20, 2013 @05:06AM (#5580843)
Agree-the fundamental problem is that formulae are copied from cell to cell.

It is so easy to make a mistake on a big spreadsheet.

A much better approach would be to write user defined functions.

Re:The Excel Depression by tadfisher on Friday April 19, 2013 @01:46AM (#5575096)
To be fair, Excel's concept of a weighted average has no basis in statistics or common sense, as I have seen in a couple of published works.

Here's a tip: if your results are reproducible only in Excel, something is terribly wrong.

Re:The Excel Depression by podperson on Friday April 19, 2013 @08:23AM (#5576204)
I don't think they were using Excel's weighted average function in this case but simply averaging filtered figures per country and then averaging the averages. This has no statistical basis, but it's not Excel's fault
Re:The Excel Depression by mbetter on Friday April 19, 2013 @01:10AM (#5574990)
I would suggest that in a situation like this, "the difficulty of reviewing Excel code" is even overstated. The direct dependencies of any cell are discoverable with trivial effort.