Your spending at Starbucks and Dunkin' Donuts looks like a coincident economic indicator, meaning coffee purchases at the two outlets track the economy.
The Christmas season spike, when people are buying gifts, rather than coffee, appears to be the only anamoly.
Too bad Starbucks is not a leading indicator.
Wednesday, June 30, 2010
Looks Like Your Starbucks Purchases are a Coincident Economic Indicator
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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