The Reply From Dr. Rick Davis – President of Consumer Metric Institute

Hui Zhong:

Thank you for your excellent analysis. We think your revised equations
have great merit, and we will watch their results moving forward with much
anticipation. And we had not thought about your point (3.) before —
C+(X-M) makes a lot of sense and it helps explain the divergence even
better.

Thanks again,

Rick Davis
Consumer Metrics Institute

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