Malibu woman her husband, 5-year-old son and 11-month-old daughter are among many who fear the fate of being unhoused as the wildfires continue to claim homes. January 15 Inflation rises 2.9% in December, in line with expectations The Labor Department released the inflation report for Decemb...
a... econometrics is by no means the same as economic statistics. Nor is it identical with what we call general economic theory, although a considerable portion of this theory has a definitely quantitative character. Nor should econometrics be taken as synonymous with the application of mathematics...
Statistics are drawn from populations, but a “population” doesn’t necessarily mean a physical count of bodies. It can be a collection of just about anything you can count, from galaxies in the sky to a count of trials in an experiment. Thus a statistic can be any quantity calculated fr...
In the field of business statistics, there are two types of business statistics. First, there is differential statistics, which primarily deals with monitoring changes and trends over time. On the other hand, we have inferential statistics, a valuable tool for drawing insights about an entire popu...
Statisticians are well-paid professionals, and their skills are in high demand. Being inundated with massive amounts of information can feel overwhelming, but knowledge of statistics allows people to distinguish essential facts from trivial details in order to make logical and evidence-based decisions...
They are using old tricks: First raise growth expectations, and then clamor about the figures that fell below the expectations. Their intention remains unchanged: to see the Chinese economy fail. But they won't succeed. Trapped in their "self-designed economic model," these institutions neglect ...
What percentage of Americans are millionaires then? The number of super-rich individuals has gone up for the 10th year in a row! In fact, the latest statistics show that the number of millionaires in the US has beaten the total populations of Greece, Sweden, and Portugal. ...
2014 isn't shaping up to be a very nice year for investors. A number of indicators, statistics and results are predicting a tough time. That's especially true in the US, which leads theAustralian stock market. The Baltic Dry Index, which measures...Statistics and Results s...
In the U.S., the Bureau of Labor Statistics (BLS) publishes amonthly unemployment reportthat breaks down how many people are working, the average number of hours they are working, and their average earnings. This is used to produce the unemployment rate. The report estimates the number of p...
However, this does not actually measurerelative productivity. The productive capacity of aneconomydoes not grow because more dollars move around, an economy becomes more productive because resources are used more efficiently. In other words, economic growth needs to somehow measure the relationship betwe...