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Establishments are business locations (source). The real estate industry does not include construction (under either NAICS or SIC). It’s not really possible to tell what exactly would be included without more detail on the specific industry group you are looking at; it could be anything from realtors’ offices to apartment rental buildings, or both+other ...


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Personal consumption expenditure (PCE) is the primary measure of consumer spending on goods and services in the U.S. economy. It accounts for about two-thirds of domestic final spending, and thus it is the primary engine that drives future economic growth. PCE shows how much of the income earned by households is being spent on current consumption as ...


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Decision under uncertainty is sometimes called a "game against chance", and can thus be modeled as a two-player normal form game: the decision-maker vs Nature/Chance. The possible states would form a set of pure strategies for Nature, and Nature commits to a publicly known mixed strategy that randomizes over those pure strategies (assume Nature is ...


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