A method of numerical data analysis summarizing relationships among variables in a data set.
A brief overview and complete understanding of statistical adjustment in economics.
High-level data obtained by combining individual-level data, commonly used to analyze broader economic trends.
Data related to the economic activity of individuals and entities, such as firms and governments.
A flexible tool for numerical data analysis without a specific functional form.
Definition and meaning of panel data in economic research and analysis
A graphical representation of frequencies or proportions of observations falling within specified categories or bins.
An approach to estimation and inference in econometrics using probability distributions to express uncertainty about parameters.
Cluster analysis is a collection of methods used for grouping objects based on their similarities to explore data structures.
Understanding the coefficient of variation as a measure that expresses the standard deviation of a set of data as a percentage of its mean.
A comprehensive overview of the correlation coefficient as an economic term including its definition and applications.
Extraction of useful information from large data sets, employing automated techniques to find patterns and anomalies.
Elimination of small-scale variation, or noise, from data to reveal important patterns.
An overview of descriptive statistics, summarizing measures that describe various characteristics of a data set.
Understanding Deseasonalized Data in Economic Analysis
Detrending: Definition, Methods, and Analytical Frameworks in Economics
The bias of an estimator caused by measurement errors in the data.
Extrapolation: Construction of new data points outside the given set of existing data points
A comprehensive examination of frequency tables used for summarizing data.
An observation in a data set that lies within the interior of a distribution but is in error
Inserting missing data in a sample, usually by calculating the prediction based on the available data.
The branch of econometrics that has developed tools specifically designed to analyze macroeconomic data.
A comprehensive entry on normal distribution in economics, detailing its definition, historical context, and relevance in various economic frameworks.
Understanding the concept of the null hypothesis in statistical inference.
A statistical term referring to an observation that significantly deviates from the rest of the data.
In statistical inference, the probability that a test will reject the false null hypothesis.
An analytical technique for dimensionality reduction in multivariable datasets through identifying principal components.
Quantile: Definition, meaning, and application in economic analysis.
A diagram depicting the relation between two characteristics of a set of observations.
A measure of spatial dependence in spatial data, often assessed using Moran’s autocorrelation coefficient.
A branch of mathematics dealing with the methods for collection and analysis of data samples to infer properties of a broader population.
World Development Indicators Annual time-series data starting from 1960 on variables reflecting the level of development that is compiled by the World Bank.
