Month: July 2025

Argentina: 20 Quadrillion for a Coffee and Milei’s Cure

Since Javier Milei won the elections in Argentina (November 2023), the South American country and its radical economic policies have been in the spotlight. But between numbers and statistics, it’s easy to lose track. With Datastory, we’ll try to make sense of it all.

At the heart of what’s happening in Argentina lies a single figure, a statistic that alone explains Milei’s political rise, and that will also determine the success or failure of his government: the consumer price index, better known as inflation.

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The beauty of Randomness

In the scientific world, Randomness is a term with a slightly negative connotation. Doing things “randomly,” in everyday language, suggests improvisation, patching things together, not following a plan or logical reasoning. Imagine an analyst or scientist telling you they solved a problem using a random approach: well, you probably wouldn’t feel entirely reassured.

But in the world of statistics, things are quite different. Let’s be clear straight right away: statistics can, in a way, be defined as the science of randomness—especially its most famous branch: probability theory. However, this article isn’t about that thorny topic (raise your hand if you flinched reading “probability theory”), but rather something slightly more intriguing: machine learning, the branch of statistics that analyzes large datasets to make predictions about an uncertain outcome (the dependent variable) based on a set of predictors (also called independent variables).

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