90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Virginia
PECIUBAAVA51000A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
886,858.00
Year-over-Year Change
-4.77%
Date Range
1/1/1989 - 1/1/2023
Summary
This economic trend measures the upper bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in Virginia. It provides insight into the distribution and uncertainty around poverty estimates, which is valuable for policymakers and analysts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Virginia represents the upper limit of the range in which the true poverty rate is expected to fall, with 90% confidence. This statistic is used to assess the reliability and robustness of poverty estimates for policy and research purposes.
Methodology
The data is collected and calculated by the U.S. Census Bureau as part of their annual poverty estimates.
Historical Context
This metric is used by economists, policymakers, and social service providers to understand the scale and dynamics of poverty in Virginia.
Key Facts
- The upper bound represents the maximum expected poverty rate with 90% confidence.
- Poverty estimates are used to allocate federal and state resources for social programs.
- Virginia's poverty rate is an important economic and social indicator for the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the upper bound of the 90% confidence interval for the estimated percentage of people of all ages living in poverty in Virginia.
Q: Why is this trend relevant for users or analysts?
A: The confidence interval provides important context around the reliability and robustness of poverty estimates, which is valuable for policymakers and researchers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau as part of their annual poverty estimates.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and social service providers to understand the scale and dynamics of poverty in Virginia, which informs the allocation of resources for social programs.
Q: Are there update delays or limitations?
A: The data is published annually by the Census Bureau, so there may be a delay between the reference year and the availability of the most recent estimates.
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Citation
U.S. Census Bureau, 90% Confidence Interval Upper Bound of Estimate of People of All Ages in Poverty for Virginia (PECIUBAAVA51000A647NCEN), retrieved from FRED.