From the course: Data, Economic Modeling, and Forecasting with Stata

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Mean and summary statistics

Mean and summary statistics - Stata Tutorial

From the course: Data, Economic Modeling, and Forecasting with Stata

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Mean and summary statistics

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- [Instructor] The first thing we're going to analyze in this data is the mean of two of our data series. First, we're going to look at the mean of the sum of the PMIs. The command for this is very simple. You just write the word mean, you put a space and then you put your variable. This is just one example of the mean. And when we see it, we see here's the mean estimation. The number of observations, the mean, and the standard error, which I'll talk about in a second as well as the confidence interval. The 95% confidence interval shows what 95% of the time the range will look like. And you can see that the mean for the total of those PMIs. The sum of that global manufacturing number with a breakeven of 150, the mean is around 154.5. And the range 95% of the time is between 152.7 and 156.3. This is actually quite positive because as we think about 150 is the breakeven, logically manufacturing on a global basis,…

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