90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Montana
PECIUB0T4MT30000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,708.00
Year-over-Year Change
-45.48%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimate of people under age 5 living in poverty in the state of Montana. It provides important insights 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 Upper Bound of Estimate of People Under Age 5 in Poverty for Montana represents the upper limit of the statistical range within which the true poverty rate for young children in the state is likely to fall, with 90% confidence. This metric is used by policymakers and researchers to understand the scale and distribution of childhood poverty.
Methodology
The data is calculated based on survey responses and statistical modeling by the U.S. Census Bureau.
Historical Context
This trend is relevant for guiding policy decisions and resource allocation aimed at reducing child poverty in Montana.
Key Facts
- The upper bound indicates the highest plausible poverty rate for young children in Montana.
- Montana has one of the highest child poverty rates in the U.S.
- Reducing childhood poverty is a key policy priority for the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimate of people under age 5 living in poverty in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the scale and distribution of childhood poverty in Montana, which is crucial for informing policy decisions and resource allocation aimed at reducing child poverty in the state.
Q: How is this data collected or calculated?
A: The data is calculated based on survey responses and statistical modeling by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and researchers to understand the extent of child poverty in Montana and guide decisions on programs and interventions to address this issue.
Q: Are there update delays or limitations?
A: The data is subject to the limitations of survey-based estimates and may have update delays due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of People Under Age 5 in Poverty for Montana (PECIUB0T4MT30000A647NCEN), retrieved from FRED.