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In an average of 72 percent of the cases, there is no price advantage to shop online instead of in the shop – or vice versa. This is the result of a recent study by the Massachusetts Institute of Technology (MIT) after analyzing online and offline prices in ten countries.

Alberto Cavallo, Associate Professor of Applied Economics at the MIT Sloan School of Management, explains how online and offline prices compare. Everyone has their own personal opinion, but Prof. Cavallo and his team wanted to collect data in a large number of countries to answer the question with objective evidence.

(Newsroom America) — When you buy products online, do you imagine you could get better prices in a store? Conversely, does in-store shopping lead you to wonder whether you are missing better prices online? Fear not.

Study shows online retail prices often match store prices — and suggests why they sometimes do not. When you buy products online, do you imagine you could get better prices in a store? Fear not.

Inflation is an average. Prices in some areas are growing quickly, while others fall. That’s the way it has to be in a broadly diversified economy. The broadest measure of inflation – the personal consumption deflator – measures everything that consumers buy, and weights it by how much, then spend on those items.

Como esta tecnología ofrece un gran volumen de datos, pero poca información sobre un aspecto particular, se demoró su adopción “Cuando tenés un martillo todos los problemas se parecen a un clavo”, reza la así llamada ley del instrumento, enunciada por el filósofo americano Abraham Maslow allá por los sesenta en relación a la sobreconfianza

Data is finance’s new currency, healthcare’s latest wonder drug, and the energy sector’s new oil. Another day, another Big Data analogy. All of the hype doesn’t change the fact that businesses across nearly every industry are gaining competitive advantage by extracting value from large datasets.

Alberto Cavallo y Robert Rigobon, economistas del MIT, comenzaron con la web Inflación Verdadera tras la intervención del Indec, pero ahora estiman la suba de precios todos los días en más de 60 países. La intervención del Instituto Nacional de Estadísticas y Censos (Indec) produjo un giro académico para dos economistas a más de 8.500

Big Data es una de esos conceptos que suenan muy bien pero que son muy complejos y requieren de amplios conocimientos para su aplicación. Por eso, MIT Y Avanxo se unieron para traer Big Data, Shaping the Future of Latin America a Bogotá el 26 de mayo.

Common sense isn’t so common when retail is still experiencing its fair share of upheavals from each new disruptor to make it to market, but the decade-plus of online and in-store retail operating side by side has established a few new ground rules that almost everyone can agree on.