Sometimes it is good to learn about issues such as heteroscedasticity by empirically identifying them. Here is how I detected heteroscedasticity was present in time series analysis. I started working on a […]
Here is the story of how I met heteroscedasticity.
The Current Need for Mixed Methods in Economics.
Economists and policy analysts continue to wonder what is going on in the U.S. economy currently. Most of the uncertainty stems from both the anemic pace of economic growth as well as […]
U.S. economic slowdown? Look at Real Estate labor market.
One month of weak payroll data does not make a crisis. The US economy appears to have added only 160,000 new jobs during the month of April in 2016, the Bureau of […]
Unemployment √. Inflation √. So… what is the Fed worrying about?
Although the Federal Open Market Committee (hereafter FOMC) March’s meeting on monetary policy focused on what apparently was a disagreement over the timing for modifying the Federal Bonds interest rates, the minutes […]
Why is America’s center of gravity shifting South and West?
Ever since Florida surpassed New York as the third most populous state in the nation, journalists started to document the ways in which the South region of the United States began attracting […]
Why Is the Homeownership Rate Still Falling? An alternative explanation.
When it comes to loan rates, the one that concerns the most regular consumers is the mortgage loan interest rate. This past February 2016 a 30-year mortgage interest rate averaged 3.66 percent […]
Eight Data Sources for Research on U.S. Housing Market.
The National Association of Realtors communicated today that its index of Pending Homes Sales increased 3.5 percent in February 2016. This indicator offers valuable insight for housing market analysis here in the […]
Multicollinearity explained briefly. Is it bad at all?
Multicollinearity is a common pitfall in the practice of multiple regression analysis. Whenever analysts conduct quantitative research, they must be aware of at least the seven core assumptions of linear regression. In […]
How and when to make “policy recommendations”.
The ultimate goal of a policy analyst is to make “policy recommendations”. But, when is it precise to make such bold type of statements without looking inexperienced? The following article looks at […]
The American Statistical Association just made it easier to use p-values.
The American Statistical Association made it easier for researchers to use p-values. By laying down few simple principles, ASA aims at improving the understanding of a commonly misused statistic. Most importantly, ASA […]
