Last year, COVID-19 changed the economy so fast that economists needed a different kind of data to help them understand it. Monthly indicators based on government survey data that take weeks to ...

Plotting the frequency of data falling within numeric ranges illustrates the diversity of your data. As an example, a teacher might wish to calculate and display her students' grades by tabulating the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Quartiles are the values that divide a data set into quarters: Put the values in order Divide the list into four equal parts The Quartiles are at the divisions The interquartile range shows the range ...

A knowledge of basic business statistics can help small business owners make and assess their decisions with greater accuracy. Frequency value is a basic business statistics term used to describe a ...

New surveys using mobile technology or estimation methods are allowing economists to measure poverty more often, and with more detail. The surveys can help policy makers respond more quickly to ...

For a long time, ever since financial institutions adopted technology, there has been a race to become a data warehouse of information. Let's take a look at how this applies in terms of high-frequency ...

Mitchell Grant is a self-taught investor with over 5 years of experience as a financial trader. He is a financial content strategist and creative content editor. Timothy Li is a consultant, accountant ...