{"id":1328,"date":"2016-10-24T23:25:26","date_gmt":"2016-10-25T06:25:26","guid":{"rendered":"http:\/\/miriamposner.com\/classes\/dh101f16\/?p=1328"},"modified":"2016-10-24T23:28:25","modified_gmt":"2016-10-25T06:28:25","slug":"economic-data","status":"publish","type":"post","link":"https:\/\/miriamposner.com\/classes\/dh101f16\/2016\/10\/24\/economic-data\/","title":{"rendered":"Economic Data"},"content":{"rendered":"<figure id=\"attachment_1329\" aria-describedby=\"caption-attachment-1329\" style=\"width: 1534px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1329 size-full\" src=\"http:\/\/miriamposner.com\/classes\/dh101f16\/wp-content\/uploads\/sites\/5\/2016\/10\/Screen-Shot-2016-10-24-at-11.00.07-PM.png\" width=\"1534\" height=\"866\" srcset=\"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-content\/uploads\/sites\/5\/2016\/10\/Screen-Shot-2016-10-24-at-11.00.07-PM.png 1534w, https:\/\/miriamposner.com\/classes\/dh101f16\/wp-content\/uploads\/sites\/5\/2016\/10\/Screen-Shot-2016-10-24-at-11.00.07-PM-300x169.png 300w, https:\/\/miriamposner.com\/classes\/dh101f16\/wp-content\/uploads\/sites\/5\/2016\/10\/Screen-Shot-2016-10-24-at-11.00.07-PM-768x434.png 768w, https:\/\/miriamposner.com\/classes\/dh101f16\/wp-content\/uploads\/sites\/5\/2016\/10\/Screen-Shot-2016-10-24-at-11.00.07-PM-1024x578.png 1024w, https:\/\/miriamposner.com\/classes\/dh101f16\/wp-content\/uploads\/sites\/5\/2016\/10\/Screen-Shot-2016-10-24-at-11.00.07-PM-1200x677.png 1200w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><figcaption id=\"caption-attachment-1329\" class=\"wp-caption-text\">Presidential approval and consumer confidence over time<\/figcaption><\/figure>\n<p>I decided to analyze<a href=\"http:\/\/www2.stetson.edu\/~jrasp\/data\/EconData.xls\">\u00a0Economic Data<\/a>\u00a0from the\u00a0<span class=\"s1\">Federal Reserve Economic Data. This data included unemployment rate, inflation rate, presidential approval, and consumer confidence for the years 1948 to 2016. After using Google Fusion tables to \u00a0look at relationships among the data, I decided to focus on presidential approval and consumer confidence in this shaded line graph because there is a clear correlation between these two elements. Presidential approval is the measure of the a<\/span><span class=\"s1\">verage approval poll rating for the incumbent president, and consumer confidence is measures the degree of optimism that consumers\u00a0feel about the overall state of the economy and their personal financial situation.<\/span><\/p>\n<p>When looking at this visualization, it&#8217;s easy to see the correlation between these two categories. The peaks and the valleys match up pretty consistently, and it makes sense that these two categories would be correlated. However, looking at the spreadsheet, I wasn&#8217;t able to see the relationship between them until I put it into a chart. Consumer confidence is on a higher scale than presidential approval is, so their numbers don&#8217;t match up, which makes it hard to see their relationship in the data set. It is easy to see through this chart that their slopes and changes over time do match up, suggesting that how much people approve of their present is related to how confident they are in the state of the economy. It is important to note that this visualization reveals a correlation and does not suggest any type of causation, but this information is still significant and shows how powerful a data visualization can be.<\/p>\n<p>Written by Risha Sanikommu<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I decided to analyze\u00a0Economic Data\u00a0from the\u00a0Federal Reserve Economic Data. This data included unemployment rate, inflation rate, presidential approval, and consumer confidence for the years 1948 to 2016. After using Google &hellip; <a href=\"https:\/\/miriamposner.com\/classes\/dh101f16\/2016\/10\/24\/economic-data\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Economic Data&#8221;<\/span><\/a><\/p>\n","protected":false},"author":80,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1328","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/posts\/1328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/users\/80"}],"replies":[{"embeddable":true,"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/comments?post=1328"}],"version-history":[{"count":0,"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/posts\/1328\/revisions"}],"wp:attachment":[{"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/media?parent=1328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/categories?post=1328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/miriamposner.com\/classes\/dh101f16\/wp-json\/wp\/v2\/tags?post=1328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}