This article is an excerpt from Alan Greenspan’s latest book, “The Map and the Territory: Risk, Human Nature, and the Future of Forecasting”. As Lean Six Sigma professionals, we also...
This is an interesting outcome that was not predicted by economic community, but history indicates otherwise. One indicator to support this data is that the price drop in gas of 37% was not correlated against the drop I sales at gas stations of 25%. Another interesting fact is the EPA standard for emissions. Since 1980, the average vehicle gains between 20 to 21 miles per gallon. This is an impressive statistic since there are gains in engine efficiency. The real issue is that the consumer is looking for vehicles that are not focused on the EPA miles per gallon but other features such as size and horsepower.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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