Hhld Debt Service Payments; % of Disposable Income
Why Use This Data Source In Your Models?
Household debt service payments as a percent of disposable personal income describes the size of typical debt payments in the US as well as typical disposibal income. This can describe consumer behavior & overall economic health.
Hhld Debt Service Payments; % of Disposable Income
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Automated Data Profiling
Suggested Treatment:
Grain Transformation:
Source:
U.S. Census Bureau
Release:
Household Finances
Units:
Percent of Disposable Personal Income, Seasonally Adjusted
Frequency:
Quarterly
Available Through:
12/31/2024
Suggested Treatment:
The data shows auto correlation and a non-normal distribution. The data should be differenced. While the Order Norm transformation, provides the best normality, the Exponential variable will also perform well.
Grain Transformation:
Data is unable to be distributed by time or geography. The roll up method used is Weighted Average.
Auto Correlation Analysis:
Data shows auto correlation indicating a need for differencing
The ACF indicates 1 order differencing is appropriate.
Following first order differencing, no further differencing is required based on the differenced ACF at lag one of -0.39
Trend Analysis:
The Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test, KPSS Trend = 0.09 p-value = 0.10 indicates that the data is stationary.
Distribution Analysis:
The Shapiro-Wilk test returned W = 0.82 with a p-value =0.00 indicating the data does not follow a normal distribution.
A skewness score of -1.78 indicates the data are substantially skewed.
Hartigan's dip test score of 0.03 with a p-value of 0.99 inidcates the data is unimodal
Statistics (Pearson P/ df, lower => more normal)
Auto Correlation Function
Auto Correlation Function After Differencing
Partial Auto Correlation Function
Seasonal Impact
Seasonal and Trend Decompostion
Citation:
Board of Governors of the Federal Reserve System (US), Household Debt Service Payments as a Percent of Disposable Personal Income [TDSP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/TDSP, December 13, 2019.
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