<span style="color: #222222;">Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned against cherry-picking of data by experts, saying correlations can conveniently be used to establish &quot;spurious causality&quot; to achieve desired results.<br />'' <br />'' He was speaking at the RBI's 13th Annual Conference yesterday. The theme of the conference is 'Statistics for the Future – Select Issues.&nbsp; In his inaugural address, Mr Das said that in an era of the internet and social media, there is no substitute for rigorous statistical testing for establishing empirical regularities.&nbsp;<br />''<br />''He said the central bank will continue to refine methodologies and use cutting edge techniques for forecasting of macroeconomic developments.</span><br />
News On AIR | June 29, 2019 8:42 AM
RBI Governor cautions against cherry-picking of data by experts