A Random Walk Through Research Spending
An informal survey of major food companies indicates that spending on research fits more of a statistical random walk than a trend
In an effort to determine research spending trends, I conducted a telephone survey of the spending habits of companies that do research, develop new products, and improve food safety. I spoke with representatives of about 50 companies selected from a list of the top 150 food companies.
While it is perfectly possible to torture the resulting data into some kind of trend line, I recognized that it would be inaccurate to do so. The spending ranged from a negative single-digit percentage to an increa…
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