READY SIGNAL CONTROL DATA

Median Sales Price of Houses Sold in the US

Why Use This Data Source In Your Models?

Median sales price of houses sold describes supply and demand of housing in the United States, and can predict consumer behavior around purchasing or renting housing.

Median Sales Price of Houses Sold in the US

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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 Boxcox transformation, provides the best normality, the Arcsin 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:
Housing & Urban Development

Units:
Dollars, Not Seasonally Adjusted

Frequency:
Quarterly

Available Through:
03/31/2022

Suggested Treatment:

The data shows auto correlation and a non-normal distribution. The data should be differenced. While the Boxcox transformation, provides the best normality, the Arcsin 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.

Further differencing is reccommended

Trend Analysis:

The Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test, KPSS Trend = 0.23 p-value = 0.01 indicates that the data is not stationary.

Distribution Analysis:

The Shapiro-Wilk test returned W = 0.94 with a p-value =0.09 indicating the data follows a normal distribution.

A skewness score of -0.56 indicates the data are moderately skewed.

Hartigan's dip test score of 0.04 with a p-value of 0.98 inidcates the data is unimodal

Statistics (Pearson P/ df, lower => more normal)

No transform
1.61
Box-cox
1.45
Log_b(x-a)
1.52
sqrt(x+a)
1.56
exp(x)
NA
arcsinh(x)
1.52
Yeo-Johnson
NA
OrderNorm
1.53

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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