READY SIGNAL CONTROL DATA

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

Ready Signal automatically profiles each data set and offers up suggested industry standard data science treatments to utilize with these data in your models.

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.

Source:
U.S. Census Bureau

Release:
Household Finances

Units:
Percent of Disposable Personal Income, Seasonally Adjusted

Frequency:
Quarterly

Available Through:
12/31/2022

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)

No transform
5.64
Box-cox
2.42
Log_b(x-a)
2.46
sqrt(x+a)
2.46
exp(x)
2.15
arcsinh(x)
2.46
Yeo-Johnson
2.42
OrderNorm
2.10

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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