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September Quarter GDP; Negative?
Topic Started: 7 Dec 2016, 01:05 AM (3,777 Views)
skamy
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Terry
7 Dec 2016, 10:05 PM
Interesting. Roy Morgan doesn't know the basics of sampling methodology....according to a suburbanite.
LOL from the eejit that used only 2 samples for a z score.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Terry
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skamy
8 Dec 2016, 01:11 AM
LOL from the eejit that used only 2 samples for a z score.
That's right Roddy. The z-score can be calculated between two independent samples. Most junior level analysts at Roy Morgan will know that.
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skamy
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Terry
8 Dec 2016, 02:07 AM
That's right Roddy. The z-score can be calculated between two independent samples. Most junior level analysts at Roy Morgan will know that.
After you have evaluated the mean and the distribution and for that you need more than one data point in the sample sets.

But what would an arrogant non-suburbanite be expected to know about anything.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Terry
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skamy
8 Dec 2016, 11:30 AM
After you have evaluated the mean and the distribution and for that you need more than one data point in the sample sets.

But what would an arrogant non-suburbanite be expected to know about anything.
No need for you to worry about it Roddy. Understanding how to calculate z-scores of the difference between proportions between independent samples is slightly complicated, but the vast majority of suburbanites are not involved in basic analytics, so best to stick to more basic things.
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popey
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WA already in a recession, 5th consecutive -ve growth
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Sydneyite
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popey
8 Dec 2016, 12:05 PM
WA already in a recession, 5th consecutive -ve growth
Sure. And WA has been exhibiting all the other recession economic indicators for some time as well.... so I would agree! And conversely, when the mining boom was in full swing, there were times when it felt like Sydney/NSW and other parts of the east coast were in full blown recession. :(
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Trollie
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Jerry
8 Dec 2016, 12:21 AM
The declining interest rates (yield) have pulled down all yields. This is the primary reason for the systemic economic crisis sweeping across the world.
Think about all the capital (including all paper money stock) that used to earn a much better yield. Now subtract the current yield on all capital from the previous
yield on all capital and you have the actual loss and it's huge. It is this loss that's not only gnawing on the economy but also transforming it into a speculators paradise.
Great work bringing out the jerry sock roddy.
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stinkbug
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Sydneyite
8 Dec 2016, 04:23 PM
Sure. And WA has been exhibiting all the other recession economic indicators for some time as well....
Given the boom WA experienced it's hardly surprising that a slow down has occurred. Give it some time to wash through.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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