Labor Productivity increased 0.2 percent when comparing 2014 first quarter and 2015 first quarter. Hours worked by all persons in the labor market increased 0.3 percent in 2015Q1 vis-à-vis 2014Q1. Compensation per […]
Labor Productivity: 2015Q1 vis-à-vis 2014Q1.
“Discouraged Workers” are coming back into the labor market.
Data on employment levels for April and May 2015 look favorable. Both months have shown increments above 200,000 jobs. However, the unemployment rate stubbornly hovers around 5.4%. In spite of U.S.’ GDP […]
Did the housing market affect negatively economic growth in 2015Q1?
Recent news on GDP 2015Q1 have many economists wondering about the possible domestic causes for such a negative growth (-.7%). The U.S. Bureau of Economic Analysis (BEA) did not hesitate in pointing […]
U.S. GDP decreased -0.7% due to both weak U.S. exports, and drop in private investment.
U.S. Gross Domestic Product decreased by -0.7% the first quarter of 2015, the Department of Commerce reported today May 29th 2015. (The third estimates indicated that the actual contraction of the economy […]
Despite GDP estimates, U.S. industries experienced growth on level of employment in April to April comparison.
Despite news showing negative growth in Gross Domestic Product for the first quarter 2015, most of the U.S. industries experienced growth on level of employment in April 2014 to April 2015 comparison. […]
Utah ranks on top in job creation for April 2015.
Perhaps the state that showed the best performance in level of employment was Utah. Industries seem to be booming there, where 52K jobs positions were added. Construction registered an increase of 7.7%, […]
Unemployment rate is still at 5.4%: BLS.
The US Bureau of Labor Statistics released on April 27th 2015 its preliminary data on unemployment. On the national level the unemployment rate is still at 5.4%. By regions, the Midwest had […]
Check your regression analysis for these 7 Assumptions.
Econometricus.com: A Quantitative Research Consulting Firm. At Econometricus.com we help clients to get statistical data straight and accurate as much as possible. No matter whether our client is a lawyer supporting a […]
Traditional statistics proceedings for analysis of data: simple linear regression.
Steps in traditional statistics proceedings for analysis of data: 1. Formulation of Hypothesis. 2. Description of Mathematical model. 3. Collecting and organizing data. 4. Estimation of the coefficients. 5. Hypothesis testing and […]
Some criteria in evaluating results of a Regression Analysis.
Once you are done with your statistical modeling process, it is time to evaluate the overall soundness of your work. • First, do the signs of the estimated coefficients correspond to what […]
