This Friday is Black Friday, the day that follows Thanksgiving and the busiest retail shopping day of the year. Black Friday is the day that retailers are supposed to be ‘in the black’ for the year after presumably stocking up on inventory in the earlier months. Department stores offer their biggest discounts and consumers line up before dawn to be the first in when doors open. According to the research conducted by the National Retail Federation, in 2016 holiday sales have the potential to increase by 3.6% and shoppers plan to spend approximately $655.8 billion.
On September 15th 2016, a half-day meeting on Model Averaging – organised by the Environmental Statistics section and the East Kent local group of the Royal Statistical Society (RSS) – took place at the University of Kent in Canterbury.
As the whole Europe is holding its breath for, what it seems to be, the final negotiations between Greece and its creditors on Monday I have stumbled upon an interesting article in Bloomberg summarizing in 5 charts the last five years of Greek austerity.