One of the most recurrent questions in quantitative research refers to on how to assess and rank the relevance of variables included in multiple regression models. This type of uncertainty arises most […]
I recognized Heteroscedasticity by running this flawed regression.
In a previous post, I covered how heteroscedasticity “happened” to me. The anecdote I mentioned mostly pertains to time series data. Given the purpose of the research that I was developing back […]
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 […]
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 […]
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 […]
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 […]
Summer’s economic optimism vanishes with the season in the Midwest.
Summer enthusiasm in the Midwest lasted short. The season has not ended yet, as business leaders started to pose concerns in the months to come. The Tenth District Manufacturing Survey revealed that […]
Despite job losses, New Jersey’s labor market looks vibrant rather than sclerotic.
Regional and State statistics on employment and unemployment for the month of July 2015 looked motionless for the great majority of States in terms of over-the-month changes. Over-the-year though, nonfarm employment increased […]
Real Earnings and the use of Dubious Statistics.
The use of the Average Statistic deceives readers very often whenever the Mean gets severely affected by outliers within the data. One of the most repeated critics to data analysts is the […]
Does a worker choose not to work when collecting Social Security?
Campaigns against social security usually claim that Social Security Benefits discourage workers from being employed. Many right wing policy advocates point their fingers at Social Security Benefits as being expensive and further […]