So after the post yesterday and some of the discussion today I realized I could smooth out the picture a bit more. I kind of kicked myself for breaking one of the main bits of guidance I give to my forecasting students. So I take a look at the quarterly data from last time, but this time we look at the percentage change from a year ago levels, thereby controlling for seasonal factors.Continue reading Another Look at ND Wage data
For a first comparison of Grand Forks I look at county wages for five counties in North Dakota while we try to figure out what type of city Grand Forks really is.
The upcoming vote is just an amazing economic history event happening as we watch it.
The reclassification of employees is not a solution to this problem.
I was watching Futurama this evening and the tag line for the show came on and said “You can’t prove it won’t happen.” What a great slogan for the forecasting class. It is an awesome example of prediction that cannot be verified or validated until too long into the future.Continue reading Forecasting Class Mantra?