![]() | |
| SEARCH: |
| TheSpringGarden Plants & trees, gardening products & equiptment, homedecor | SunglassEyeglasses All stunning brand names sunglasses at the great prices | DIYHomeSupplies Do it yourself woodworking projects & home remodeling supplies | UnitedPlus Gift Ideas. Diecasts, Figurines, American Heroes, and much more |
| CarPartsAccessoriesEtc Search and shop for auto parts & accessories online. Simple & Convenient | Sewing Machines Top notch sewing machines, vacuums, and appliances. For home or commercial. | Patio & Landscape Ready for family united BBQ in the summer? A Large selection of outdoor furnitures | FontsWorld Looking for those cool fonts? Here, variety of all around the world fonts. Free Download. |
| | |||||||
| Economics Economics |
| | LinkBack | Thread Tools | Display Modes |
| |||
| How to (simply) measure convergence between two variables, in economics? Let me first say this is just A-level Economics standard, so there's no point getting to complicated with this. I'm doing a project and I've got time series data in Excel for the Eurozone and UK for things like inflation, GDP etc. The project is basically how converged the UK and Eurozone are in macroeconomic terms, and I'd like to be able to use these data to produce a numerical value of convergence. The best I've come up with is using the correlation coefficient formula between the two sets of data. As you can tell, I'm no statistician but this doesn't seem to work very well, as for one it doesn't actually take into account differences between the data. (ie Inflation 1%, 2%, 3% would be perfectly correlated with inflation 8%, 9%, 10%, although it clearly isn't converged) I've also tried measuring the correlation of moving averages to smooth out fluctuations, but this had the opposite effect. Anyone got any ideas here that I can use to put a numerical value on convergence, then? |
| Bookmarks |
| Thread Tools | |
| Display Modes | |
|
|
| | ||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| how would you measure and quantative diabetes? what units would you measure it in? | grtrdsanders | Diabetes | 0 | 04-09-2008 08:02 AM |
| Finite Math Artificial Variables Homework Help? | Linnea | Homework Help | 0 | 03-23-2008 09:06 PM |
| what would be the variables when doing Hess Law lab in chemistry? | denny h | Chemistry | 0 | 03-11-2008 06:59 AM |
| Variables x and y are thought to be related by the law y = a + bx^2. cont' below....? | superman 123 | Law & Legal | 1 | 03-08-2008 09:20 PM |
| Variables x and y are thought to be related by the law y = a + bx^2. cont' below....? | superman 123 | Law & Legal | 0 | 03-08-2008 08:47 PM |