INDIANAPOLIS, IND. (STL.News) – Buying an investment property requires numerous steps. “There are about 180 steps just to buy a home, but a lot more to consider when buying an…
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KANSAS CITY, MO. (STL.News) – Tutera Senior Living & Health Care announces the completion of Tiffany Springs Senior Living, its $55-million, luxury, rental-based community in North Kansas City. A special…
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IRVINE, Calif. (STL.News) – ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its Q2 2019 U.S. Home Flipping…
The post U.S. Home Flipping Returns Drop To Nearly Eight-Year Low In Q2 2019 appeared first on STL.News.
WASHINGTON (STL.News) – Existing-home sales inched up in August, marking two consecutive months of growth, according to the National Association of Realtors®. Three of the four major regions reported a…
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SAN FRANCISCO (STL.News) -San Francisco-based Built Robotics is announcing the close of a $33 million Series B led by Next47, the global venture fund backed by Siemens, and the addition…
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HONOLULU (STL.News) – Mana’olana Partners, the ownership entity of Mandarin Oriental Hotel and Residences, Honolulu established by Los Angeles-based Salem Partners, announced the official launch of sales will begin Tuesday,…
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MIAMI BEACH, Fla. (STL.News) – The Corcoran Group announced its further expansion in South Florida with the opening of a new Miami Beach office. News of the firm’s entry into…
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NEW YORK (STL.News) – CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division served as co-lead arranger on $90.6 million in financing for a new multifamily…
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WASHINGTON (STL.News) – Washington DC-based Northridge Capital, Owner and Co-Developer, is pleased to announce the opening of the W Aspen & The Sky Residences at W Aspen. This is the…
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Two years ago, the St. Louis Fed introduced FREDcast, a forecasting game in the style of fantasy sports. In FREDcast, users enter a forecast for four economic time series each month: GDP, payroll employment, the unemployment rate, and CPI. Now in its third year, FREDcast is growing in popularity and taking hold at some major universities.
The motivation behind FREDcast has been to lower the barriers of forecasting macroeconomic time series, and the game is designed so that anyone with a basic understanding of data can join the game and start forecasting. One of the major challenges, though, is establishing that common, basic understanding of time series data. So let’s lay out a few concepts and definitions to get you started.
What is a time series?
In plain English, a time series is a sequence of data observations collected over time. For example, a collection of the daily closing values of the Dow
Federal Reserve Source