90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Mississippi
PPCILBAAMS28000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.80
Year-over-Year Change
-20.18%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the lower bound of the 90% confidence interval for the estimated percentage of people of all ages in poverty in Mississippi. It provides insight into the uncertainty around poverty estimates and is relevant for economists and policymakers analyzing regional poverty trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The lower bound of the 90% confidence interval for the poverty rate estimate represents the minimum value that can reasonably be expected to contain the true poverty rate, with 90% confidence. This metric is used to understand the precision of poverty estimates and inform policies targeting economic disadvantage.
Methodology
The data is calculated by the U.S. Census Bureau based on survey responses.
Historical Context
Poverty trends are closely monitored by economists and policymakers to assess the efficacy of social programs and guide resource allocation.
Key Facts
- The trend represents the lower bound of the 90% confidence interval.
- It measures the estimated poverty rate for all ages in Mississippi.
- The data is published annually by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the lower bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in Mississippi.
Q: Why is this trend relevant for users or analysts?
A: The confidence interval provides insight into the precision of poverty estimates, which is critical for evaluating the effectiveness of social programs and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on survey responses.
Q: How is this trend used in economic policy?
A: Poverty trends are closely monitored by economists and policymakers to assess the efficacy of social programs and guide resource allocation.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of approximately one year.
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Citation
U.S. Census Bureau, 90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Mississippi (PPCILBAAMS28000A156NCEN), retrieved from FRED.