The Yost Index has been updated with margins of error
The Yost Index has been updated with 2015-2019 data, this time with margins of error attached. The margins of error represent 90% confidence intervals as calculated using the Census Bureau’s variance replicate tables. For the most part, the Yost Index values are precise to about plus or minus 8 points, but there is plenty ofContinue reading “The Yost Index has been updated with margins of error”
The margin of error around the Yost Index
When we say that a neighborhood ranks a 3 or a 47 or a 91 on a scale of 1 to 100, we tend to treat that as an exact quantity. There are no exact quantities in science, of course, and a client challenged me to figure out what the uncertainty was around a socioeconomicContinue reading “The margin of error around the Yost Index”
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