Blog Archives

How effective are buybacks?

April 20, 2015
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How effective are buybacks?

Buybacks are when companies buy their own stocks. They can do this privately with stockholders, or simply purchase the stocks off the open market. Why? Companies buy back their own stocks because this supports the value of their stock (during tough times). It also reduces the total amount of equity, which improves metrics like Return on […]

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The end of the oil glut

April 7, 2015
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The end of the oil glut

In my last post, I talked about how America had depressed oil prices by increasing its supply. Recall this graph which shows that the supply glut is primarily caused by increased American supply (the top pink line is America): Since low prices are mainly caused by American oversupply, a decrease in American supply will have […]

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Why oil prices came down, and won’t anymore

April 6, 2015
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Why oil prices came down, and won’t anymore

This article was republished by the Significance, the official magazine of the American Statistical Association and Royal Statistical Society (UK). You have probably heard that the price of crude oil has tumbled from $115 per barrel (159 litres, an archaic but established unit of measurement) in June 2014 to $54 in March 2015. Why oil […]

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Principal Component Analysis in 6 steps

March 21, 2015
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Principal Component Analysis in 6 steps

A common-sense explanation of PCA, and how to do it yourself in six steps.

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World Wide Wage

October 4, 2014
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World Wide Wage

South Koreans earn, on average, $33,140 per year (PPP), making them almost as rich as Britons. However, Koreans also work 30% more hours than Britons, making their per-hour wage considerably less than a British wage. In fact, the Korean wage of $15 per hour (PPP) is comparable to that of a Czech or Slovakian. Here […]

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If Scotland becomes a country

September 14, 2014
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If Scotland becomes a country

On the 18th of September 2014, Scottish people will vote on secession from the United Kingdom, potentially ending a union that has existed since 1707. If Scots vote “Yes” to end the union, the United Kingdom will consist of England, Wales and Northern Ireland, while the newly created country of Scotland may look like this: […]

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I am probably watching TV right now

August 28, 2014
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I am probably watching TV right now

I got an email from a gentlemen boasting labor data that even the Bureau of Labor Statistics hasn’t published yet! Retale, a tool that helps you scour advertisements for deals in your area, has produced a cool infograph on what Americans are doing right now. It tells you what activities Americans are doing at different […]

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Indian Elections 2014 – a Summary

May 20, 2014
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Indian Elections 2014 – a Summary

India conducted general elections between 7th April and 12th May , which elected a Member of Parliament to represent each of the 543 constituencies that make up the country. The opposition BJP won 31% of the votes, which yielded them 282 out of 543 seats in parliament, or 52% of all seats. The BJP allied with […]

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How to do a chi-square test in 7 steps

May 3, 2014
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How to do a chi-square test in 7 steps

What is a chi-square test: A chi square tests the relationship between two attributes. Suppose we suspect that rural Americans tended to vote Romney, and urban Americans tended to vote Obama. In this case, we suspect a relationship between where you live and who you vote for. The full name for this test is Pearson’s […]

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Introducing Statwing

April 27, 2014
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Introducing Statwing

Recently, Greg Laughlin, the founder of a new statistical software called Statwing, let me try his product for free. I happen to like free things very much (the college student is strong within me) so I gave it a try. I mostly like how easy it is to use: For instance, to relate two attributes […]

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