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The regression line fallacy
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Regression lines do not indicate future trends, and they do not make statements about the past. See this illustration. I think it's important to clear that up for any would-be chartist.
Edit: Updated the illustration with some annotations. To understand the chart, the black part of the regression lines is up to the point in time where they are measured. The grey part is projected into the future from that point. The regression is drawn at regular intervals trough from 2011 to earlier this year.
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