90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Arkansas
PPCIUBAAAR05000A156NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.80
Year-over-Year Change
-19.80%
Date Range
1/1/1989 - 1/1/2023
Summary
This trend measures the upper bound of the 90% confidence interval for the poverty rate in Arkansas, providing a statistical estimate of the maximum likely poverty level 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 for the poverty rate in Arkansas offers a conservative estimate of the highest plausible poverty level, accounting for statistical uncertainty. It is used by policymakers and economists to gauge the scale and scope of poverty in the state.
Methodology
The data is calculated from survey responses using statistical modeling techniques by the U.S. Census Bureau.
Historical Context
This poverty metric informs policy decisions and resource allocation aimed at reducing economic hardship in Arkansas.
Key Facts
- The 90% confidence interval accounts for statistical uncertainty in poverty estimates.
- The upper bound represents the maximum plausible poverty level in Arkansas.
- Poverty data helps guide policies to alleviate economic hardship in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the poverty rate in Arkansas, providing a statistical estimate of the maximum likely poverty level in the state.
Q: Why is this trend relevant for users or analysts?
A: The 90% confidence interval upper bound for the poverty rate in Arkansas offers a conservative estimate of the highest plausible poverty level, which is used by policymakers and economists to gauge the scale and scope of poverty in the state.
Q: How is this data collected or calculated?
A: The data is calculated from survey responses using statistical modeling techniques by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This poverty metric informs policy decisions and resource allocation aimed at reducing economic hardship in Arkansas.
Q: Are there update delays or limitations?
A: The poverty data is subject to statistical uncertainty and may have update delays, but it provides a conservative estimate of the maximum likely poverty level in Arkansas.
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Citation
U.S. Federal Reserve, 90% Confidence Interval Upper Bound of Estimate of Percent of People of All Ages in Poverty for Arkansas (PPCIUBAAAR05000A156NCEN), retrieved from FRED.