According to the creepy clown maths, the difference between a z score of -0.5 and 1.5 is not 2.
No Roddy, that's just a position that you've invented in your own head.
Quote:
according to a creepy clown repertoire, the bubble meter for Australia is calculated on entirely different research using an entirely different methodology using entirely different data sets using entirely different time frames.
"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."
No Roddy, that's just a position that you've invented in your own head.
Different to what?
That's just a personal attack Roddy.
OK mother cat. The bubble meter expressed as a z-score has no relevance to the z-score of the components that it is comprised of. According to a creepy clown repertoire.
And the Australian bubble meter is derivative of another research project, according to a creepy clown repertoire.
And the difference between 1.5 and -0.5 is not 2 because you say so.
"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."
Yep it seems like you're trying to confirm that house prices in a bubble based on Cit's research.
Citi believes an asset is in bubble territory if Z is greater than two SD above its 10-year average. They currently calculate Z as approx. +1.5 for "house price".
"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."
Citi believes an asset is in bubble territory if Z is greater than two SD above its 10-year average. They currently calculate Z as approx. +1.5 for "house price".
OK, so if the z-score of the "10-year average" is -0.5, does that mean it will qualify as a bubble on Citi's bubble meter? What does a z-score of -2 represent? If the bubble meter has no purpose, what is the point of a bubble meter?
"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."
Meaningless dribble. The z-score of the average itself is always zero.
Z represents the number of standard deviations of a value from its ten year average.
If the value for which you are calculating Z is itself the 10-year average, then there is zero deviation from the 10-year average.
So the "z-score of the 10-year average" is never going to be -0.5.
If you can't even wrap your head around these basic concepts, then you really have no business here. Go away.
So you're saying that the bubble meter has no purpose. According to Citi, the z-score of the bubble meter represents the relative focal point of the components. That is why Citi created the bubble meter and its relevant z-score. You are implying the following:
- The bubble meter has no relationship to the components, even though Citi has constructed the bubble meter across all the components for a single relevant focal point. Of course, that is why chi-square normalization or a similar technique must be used.
- What is the point of using a z-score when you say that the Citi bubble meter is simply a measure against a 10-year average? Any old creepy clown could create that and it would be expressed as a %, not a z-score.
- If the z-score is simply a deviation from an average, what is the meaning of -3.0 and what value is that to anyone?
Not saying or implying any of your made up nonsense Roddy.
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What is the point of using a z-score when you say that the Citi bubble meter is simply a measure against a 10-year average? Any old creepy clown could create that and it would be expressed as a %, not a z-score
Take it up with Citi if you don't like their approach to measuring bubbles. I'm just telling you how they do it.
Look Roddy. Look at how they do it. Can you read a chart?
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If the z-score is simply a deviation from an average...
Roddy, that is exactly what a Z score is. A deviation from an average. That is the very definition of a Z score. A z-score is a deviation from the average.
Go away and read a comic or something Roddy. You don't even know what a z-score is.
"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."
Not saying or implying any of your made up nonsense Roddy.
Take it up with Citi if you don't like their approach to measuring bubbles. I'm just telling you how they do it.
Look Roddy. Look at how they do it. Can you read a chart?
Roddy, that is exactly what a Z score is. A deviation from an average. That is the very definition of a Z score. A z-score is a deviation from the average.
Go away and read a comic or something Roddy. You don't even know what a z-score is.
So, is there a relationship between -0.5 (z-score for bubble meter) and 1.5 (z-score for house prices) or not?
Citi claims there is, but a creepy clown says there isn't.
A z-score is the measure of a score from it's mean among a distribution. You don't need a z-score to understand to understand that house prices are x% higher than an average. Z-scores are also useful to build meters like Citi has done. What they have done is as follows:
1. Normalized the data across 5 components across a time period by taking subtracting actual values from expected values across the period 1997-2015 (chi square).
2. Calculated a matrix of z-scores for each component for each year.
3. Annual bubble monitor z-scores are created simply by shifting the rows to columns.
4. The z-score focal point is not "0" you retard. The z-score is -0.5 as the z-scores for each component have been calculated across all components and all eyars.
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