Economics/Stats

I have data on unemployment over the past 15 years for three different groups. I would like to show that there is more volatility in several of the groups than there is in the other. What tests should I run?

  1. 👍 0
  2. 👎 0
  3. 👁 87
asked by Ben
  1. Measure the standard deviation and mean of the data for each group, which I assume is presented an monthly intervals. Compute standard deviation divided by the mean. The group with the highest value has the most volatile unemployment, relative to the mean.

    1. 👍 0
    2. 👎 0
    posted by drwls

Respond to this Question

First Name

Your Response

Similar Questions

  1. Macroeconomics - inflation vs unemployment!!!!

    I had to graph both the U.S. inflation and unemployment rates on the same graph between the years 1990-2004. I need to analyze the data. How are the two rates related? How does one affect the other, if so? One way to analyze the

    asked by Samantha on September 9, 2006
  2. Economics

    1. According to the data table below, what is the unemployment rate?: Total Population: 1,500 Population under 16 or institutionalised: 360 Not in the labor force: 450 Unemployed: 69 Workers with part-time work who want full-time:

    asked by Wesley on July 13, 2016
  3. Statistics

    Which of the following is an accurate description of Simpson's paradox? When groups of data are aggregated, an association can get stronger because of a confounding variable. That confounding variable is usually the number of

    asked by Jon on February 21, 2013
  4. Statistics

    I have a question about one of my Stats vocab questions. any help is great. thanks! Identify the type of observational study as either Cross-sectional or retrospective (just a reminder, Cross-sectional is data measured at one

    asked by Gavin on January 21, 2013
  5. Math Help

    Data released by the Department of Education regarding the rate (percentage) of ninth-grade students that don't graduate showed that out of 50 states, ‚Äč 16 states had an increase in the dropout rate during the past 2 years.

    asked by Kal Jay on November 2, 2016
  6. Can someone Help w/Math

    Data released by the Department of Education regarding the rate (percentage) of ninth-grade students that don't graduate showed that out of 50 states, 16 states had an increase in the dropout rate during the past 2 years. 18

    asked by Bobbie on November 9, 2016
  7. Earth Space Science

    I need some help with this. 1. You are a climatologist who has been given the task of finding out how much glaciers and ice caps have receded over the past 50 years. 2. You have at your disposal satellite image data from this

    asked by yeet my horse to the old town road on May 8, 2019
  8. Statistics

    Which of the following is an accurate description of Simpson's paradox? When groups of data are aggregated, an association can get stronger because of a confounding variable. That confounding variable is usually the number of

    asked by Anonymous on February 18, 2013
  9. Statistics

    Which of the following is an accurate description of Simpson's paradox? When groups of data are aggregated, an association can get stronger because of a confounding variable. That confounding variable is usually the number of

    asked by Anonymous on February 24, 2013
  10. Science

    I don't understand what I am supposed to do?? 1)you are a climatologist who has been given the task of finding out how much glaciers and ice caps have receded over the past 50 years. 2) you have at your disposal satellite image

    asked by Hannah on May 2, 2018

More Similar Questions