New answers tagged statistics
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One place that estimates the world's wealth (measured as net value of assets) is the Credit Suisse Global Wealth Report.
According to the report their estimation of worlds net assets is 361 trillion of USD in 2019. Their site has also statistics for other years. They also offer some country level statistics in their reports (not sure if that's granular ...
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https://en.wikipedia.org/wiki/Relative_change_and_difference
Törnqvist, Leo; Vartia, Pentti; Vartia, Yrjö (1985), "How Should Relative Changes Be Measured?", The American Statistician, 39 (1): 43–46, doi:10.2307/2683905
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Level (also called stock) variable, is a variable that measures something at a given point of time. For example, measuring GDP in 2017 would be a level (stock) variable.
Flow variable is a variable that measures the rate of change in the stock over time. For example, if GDP growth (which measures flow of GDP) was $10\%$ in 2017 that means that the level/...
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Assuming that from the beginning you made the regression with prarrest with transformation *100 (say you have for example [0.012,0.093] and you transform it into -> [1.2,9.3], I remark this cause its critical to the interpretation).
Ceteris paribus, one percentage point increase in prarrest causes the number of crimes committed per 1000 county residents ...
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If you are forecasting some special data about certain country, i guess, you can take some official forecasts made by government agencies or IMF. In case of IMF there are usually only forecast of GDP growth, while official agencies may post forecasted values for wider range of ts. Also if you have access for Bloomberg terminal in your university or work, ...
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I will give a partial answer.
I assume you mean “forecast values.” Forecasts generally come from private firms that do the forecasts, and are typically expensive. There are some surveys that are in the public domain (Philadelphia Fed Survey of Professional Forecasters). You can generate your own using a model, but quality depends uponyour model.
It is ...
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GDP is about final production
GDP is about production of final goods or services for consumers, but both these transactions are examples of non-final production - one company provides a good or service to another which might use it to produce something that's actually useful to fulfil a consumer's need or want.
If we suppose that these two transactions ...
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A firm's contribution to GDP isn't revenues. A firm's contribution to GDP is roughly the sum of the wage bill and the money earned by capital (debt (interest) and equity (economic and not accounting profits)). That is, profits + interest payments + wages (look elsewhere for a more precise definition). Your example doesn't really have enough to go on to ...
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