90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Minnesota
PECILB0T4MN27000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,941.00
Year-over-Year Change
-49.29%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic indicator represents the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Minnesota. It provides important insight into child poverty levels in the state.
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 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Minnesota is a statistical measure that helps quantify the uncertainty around the estimated child poverty rate. It indicates the lowest plausible value for the true poverty percentage, based on survey data.
Methodology
The data is calculated by the U.S. Census Bureau using statistical models and survey responses.
Historical Context
This indicator is used by policymakers, researchers, and advocates to understand the scale and distribution of childhood poverty in Minnesota.
Key Facts
- This indicator has a 90% probability of capturing the true child poverty rate in Minnesota.
- The lower bound represents the minimum plausible value for the child poverty percentage.
- Tracking this metric over time can reveal trends in childhood deprivation in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the lower bound of the 90% confidence interval for the estimated percentage of people under age 5 living in poverty in Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insight into the scale and distribution of childhood poverty in Minnesota, which is crucial information for policymakers, researchers, and advocates.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau using statistical models and survey responses.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, researchers, and advocates to understand the state of childhood poverty and inform policy decisions in Minnesota.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limitations inherent in survey-based estimates.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Lower Bound of Estimate of People Under Age 5 in Poverty for Minnesota (PECILB0T4MN27000A647NCEN), retrieved from FRED.