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Spreadsheet abuse in the twenty-first century

May 26, 2014 By editor

Economist and author Thomas Piketty is the latest person to have been burned by spreadsheet modeling.

A Financial Times investigation into the data behind his wildly successful book “Capital in the Twenty-First Century” concluded that

In his spreadsheets, however, there are transcription errors from the original sources and incorrect formulas.

As long as analysts continue to use spreadsheets for business-critical modelling we’ll continue to see these embarrassing revelations.

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