Why Use This Data Source In Your Models?
The delinquency rate measures the inability of consumers to pay their mortgage. This is indicative of economic health and can indicate recessions, unemployment, and other factors that cause loss of income.
Single-Family Mortgage Delinq. Rate - Not Seas Adj
Board of Governors of the Federal Reserve
Percent, Not Seasonally Adjusted
Quarterly, end of period
The data shows auto correlation and a non-normal distribution. The data should be differenced. While the Square Root transformation, provides the best normality, the Order Norm variable will also perform well.
Data is unable to be distributed by time or geography. The roll up method used is Weighted Average.
Data shows auto correlation indicating a need for differencing
The ACF indicates 1 order differencing is appropriate.
Further differencing is reccommended
The Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test, KPSS Trend = 0.35 p-value = 0.01 indicates that the data is not stationary.
The Shapiro-Wilk test returned W = 0.90 with a p-value =0.01 indicating the data does not follow a normal distribution.
A skewness score of 0.51 indicates the data are moderately skewed.
Hartigan's dip test score of 0.04 with a p-value of 0.93 inidcates the data is unimodal
Auto Correlation Function
Auto Correlation Function After Differencing
Partial Auto Correlation Function
Seasonal and Trend Decompostion
Board of Governors of the Federal Reserve System (US), Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks [DRSFRMACBS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DRSFRMACBN, November 8, 2019.
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