Not me mother cat. It's Citi's research. Their design, not mine. Maybe waffle to you, but considering you cannot even work through a simple chi-square distribution, you're not really in a position to call Citi's research waffle.
Not me mother cat. It's Citi's research. Their design, not mine. Maybe waffle to you, but considering you cannot even work through a simple chi-square distribution, you're not really in a position to call Citi's research waffle.
Whatever you say Roddy. And don't forget let the IMF know they can't calculate Z for the rent/price ratio.
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Whatever you say Roddy. And don't forget let the IMF know they can't calculate Z for the rent/price ratio.
IMF only runs calculations on whole numbers or rational numbers. They can refer to ratios or multiples in their verbiage, but they use whole numbers if they want to calculate z-scores.
You should have learnt that at school MC, but you probably weren't listening.
They can refer to ratios or multiples in their verbiage, but they use whole numbers if they want to calculate z-scores
LOL, Roddy, price/income and price/rent ratios are always expressed as a number.
First you claimed it was impossible to calculate Z for the price/income ratio. Then you claimed Z-scores must be calculated from whole numbers (also a daft claim).
Just admit you were wrong and move on, instead of trying to waffle your way out of yet another blunder.
Here's the list (so far)...
1. You claimed there were only four components (there are five) 2. You said Z can't be calculated for a ratio (it can, and is, for example by the IMF) 3. You said Z-scores need to be calculated from whole numbers (also false) 4. You claimed Z for the average can be -0.5 (Z for the average is always zero) 5. You said a z-score is not a deviation from an average (that's exactly what it is) 6. You claimed a deviation expressed as a percentage would be just as useful as a z-score (also wrong)
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
LOL, Roddy, price/income and price/rent ratios are always expressed as a number.
First you claimed it was impossible to calculate Z for the price/income ratio. Then you claimed Z-scores must be calculated from whole numbers (also a daft claim).
Well no mother cat. The component in the bubble meter is "house prices". Price to income ratios are irrelevant.
As for the rest of the creepy clown repertoire, it's all nonsense.
The component in the bubble meter is "house prices". Price to income ratios are irrelevant.
And which component is that, precisely?
Nominal house prices? Real house prices? House price growth rate? Raw median house prices? Asking house prices? Freestanding house prices? Unit prices? Stratified/hedonic house price index values? House prices relative to incomes? House prices relative to rents?
You have no idea, do you? So why not waffle about creepy clowns instead.
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Nominal house prices? Real house prices? House price growth rate? Raw median house prices? Asking house prices? Freestanding house prices? Unit prices? Stratified/hedonic house price index values? House prices relative to incomes? House prices relative to rents?
You have no idea, do you? So why not waffle about creepy clowns instead.
Most likely "indexed" nominal prices. Similarly with all the other components, "indexed" data makes good sense. People who work with data will understand these things MC.
People who work with data will understand these things MC
I guess the IMF doesn't "work with data" then, since they used Z for the rent/price ratio in their own housing bubble analysis?
Perhaps the good folk at Citi know how to "work with data" better than the IMF?
Oh yes, I forgot... it was impossible for the IMF to calculate Z for the rent/price ratio. Can't be done, and the chart below doesn't exist. Z can only be calculated for a whole number, right Roddy?
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
I guess the IMF doesn't "work with data" then, since they used Z for the rent/price ratio in their own housing bubble analysis?
Perhaps the good folk at Citi know how to "work with data" better than the IMF?
Oh yes, I forgot... it was impossible for the IMF to calculate Z for the rent/price ratio. Can't be done, and the chart below doesn't exist. Z can only be calculated for a whole number, right Roddy?
Mother cat, those are two independent variables, not a bubble meter comprising 5 different components built on data spanning 18-19 years. I'm sorry but understanding how to frame data is fundamental if you work with data.
And yes, whole numbers and / or rational numbers are necessary.
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