Annual data alone may not be sufficient to make decisions on time-critical issues. Annual data provides a snapshot of a particular variable at a specific point in time, but it may not capture the dynamics and trends of that variable over time.
For time-critical issues, it's important to have access to more frequent data, such as monthly or even daily data. This type of data can provide a more detailed understanding of the issue and can help identify patterns and trends that may not be apparent from annual data alone.
Additionally, historical data can be useful for planning for future. By analyzing past trends and patterns, you can identify potential future scenarios and develop strategies to address them.
However, it's important to consider that the future is uncertain, and that even with the best data and analysis, there will always be some level of uncertainty.
In order to make the best decision possible, it's important to gather and analyze as much data as possible, and use it in conjunction with other relevant information, such as expert knowledge, industry trends, and stakeholder input.
Let's work together to make more data available on this open data platform #OpenDOSM
Hey, have you ever wondered how some people live incredibly long and healthy lives? 🌱🌞 I've been binging on the Netflix series "Live to 100: Secrets of the Blue Zones," and it's mind-blowing! Let me share the highlights with you. 📺 #BlueZones
2/5: So, imagine this: in Costa Rica's Nicoya Peninsula, folks have double the rate of centenarians compared to the US! 😲 They're onto something with their plant-based diet and strong community bonds. Let's uncover their secrets together. 🥗🤝 #NicoyaBlueZone
3/5: Get ready for some serious wanderlust! We're off to Sardinia, Italy, where the men boast the world's highest concentration of 100-yo! 🧔👴 Their Mediterranean diet and active lifestyle are major keys to their longevity. Let's take notes, shall we? 🚶♀️🥖 #SardiniaBlueZone
The overnight policy rate (OPR) is the interest rate at which banks lend to each other, set by BNM. The OPR has an impact on the country's employment, economic growth, and inflation. It is an indicator of the overall economic health and banking system of the country.
BNM surprised the market by raising the OPR by 25 basis points to 3% on May 3, 2023. This is the first hike since November 2022 and the second one this year. "Timely to further normalise the degree of monetary accommodation" as the domestic growth prospects remain resilient
The OPR hike reflects BNM's struggle to tame inflation, which has persisted above historical averages due to elevated cost pressures and higher interest rates. Some economists have warned that the higher OPR could dampen consumer & biz confidence and affect the economic recovery
URL sharing is essential for online platforms and applications. It allows users to access specific resources on the internet, such as web pages, images, videos, files, and more. #APIs make sharing URLs even more seamless, like those offered by OpenDOSM
With URL sharing APIs, developers can provide users with a more streamlined experience, allowing them to share URLs and other data without leaving the application. This can drive more traffic to the platform and increase user engagement. #OpenData#API
A URL sharing API can improve the overall user experience, making it easier for users to quickly and easily share URLs and other data. This is especially useful for social media platforms and applications that rely heavily on user-generated content. #OpenDataAPI
Making real-time public transportation information public, free, and usable is necessary to address the inconvenience, uncertainty, and other costs associated with public transportation, and it could lead to better solutions for commuters.
Real-time public transportation data could be provided through transport agencies @MOTMalaysia, private data firms or transport corporations, or public or community initiatives funded by donations.
If affordable, reliable public transport is a public good funded by taxpayers, then public transport data should be made public and free.