This is my blog related to applied numerical analysis to many areas related to real life issues. It will use public data and basic numerical analysis to highlight how numbers can be used to increase the understanding of the world around us.

Sunday, May 4, 2008

Dismal Numbers Indeed Part 2


While doing some other work, I wanted to see the average household income by census region. Being in wonderful East North Central, I focused on that region. This website is the source for my chart.


Sad, we were a solid 4th and now we are 6th going on 7th. We have had the lowest average growth over the period.

Very Interesting Book!

Someone sent me this link. If you don't read anything else, read Chapter 2. It has some great insights that really made me think. The transistor forecast method was very interesting. My company is in the business of selling electricity which customers don't really use/need (actually lethal if they tried). Also, the comments around rain dances being all about the dance and not the results was also very interesting. It all starts with the ultimate objectives, not the methods to meet the objectives.


http://www.forecastingprinciples.com/Long-Range%20Forecasting/contents.html