2019 in the UK began with a dry month but normal weather otherwise.
Stats Training Materials – Basic Statistical Concepts
A sound grasp of basic statistical concepts is essential to have any hope of acquiring the mindset of a statistical thinker and to be able to use statistical methods. My introductory course “The 6 Concepts of Statistical Thinking” lays the foundations in the following.
- Probability – the difference between conditional & absolute probability.
- Risk – why it is an extension of probability and the importance of alpha (false positive) and beta (false negative) risk.
- Expectation – how to summarise a dataset into one number which measures its location.
- Variance – how to measure the spread of a dataset.
- Distribution – how to describe the shape of a dataset.
- Correlation – how to measure the relationship between two variables and understand the two golden rules of correlation.
[Read more…] about Stats Training Materials – Basic Statistical Concepts
UK Weather Tracker #23 – December 2018
The start of the new meteorological year was warm with normal rainfall.
UK Weather Trends #7 – Autumn 2018
Meteorologists define autumn in the UK to be the period from September to November so autumn is now over and we are officially in winter. The 2018 autumn was consistent with the step change in the autumnal climate that took place in the 1990s.
UK Weather Tracker #22 – November 2018
There is no subtle way to say this, our weather in November was boring!
UK Economy Tracker #2 – 2018 Q3
The headline of the third quarter of 2018 is that the UK continues to be sluggish but going in the right direction. There is no question, the economy needs a pickup soon to place itself on a stronger footing ahead of a rising probability of another recession in the near future.
UK Weather Tracker #21 – October 2018
A sunny October resulted in wide temperature ranges leading to cold nights and the first frosts of the autumn.
UK Weather Tracker #20 – September 2018
I thought August was unremarkable but September was even more boring!
UK Weather Trends #6 – Summer 2018
Meteorologists define summer in the UK to be the period from June to August so summer is now over and we are officially in autumn. The 2018 summer was the joint hottest on record and in doing so blew apart my prediction that we would have to wait till next year for our next good summer!
UK Economy Tracker #1 – 2018 Q2
The headline of the second quarter of 2018 is the lowest unemployment rate since 1975. Economic Inactivity continues to be at record lows, inflation is falling and the budget deficit is shrinking. However, GDP growth continues to be sluggish which means our pay is stagnating and we have record levels of debt to pay off. History tells us that the odds of another recession soon will rise from now on so there is still a need to change the state of our economy.
