Housing Tenure - Owned Free and Clear

Source:
US Census Bureau

Release:
2010 Census - Households

Units:
Housing Units

Frequency:
Point in Time 2010

Why Use:

Total units owned free and clear describes area occupants' ability and desire to purchase a housing unit. This is indicative of the overall economic situation of the tract, occupants' desire to remain long-term, and housing market prices.

Suggested Treatment:

The data shows autocorrection, seasonality and a non-normal distribution. The data should be differenced and seasonally adjusted. While the Order Norm transformation, provides the best normality, the Boxcox variable will also perform well.

Grain Transformation:

Data is unable to be distributed by time or geography. The roll up method used is Sum.

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Housing Tenure - Owned Free and Clear

Autocorrectation Analysis:

Trend Analysis:

Distribution Analysis:

The Shapiro-Wilk test returned W = 0.97 with a p-value =0.00 indicating the data does not follow a normal distribution.

A skewness score of 0.04 indicates the data are fairly symmetrical.

Hartigan's dip test score of 0.01 with a p-value of 0.00 inidcates the data is multimodal

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

No transform
17.78
Box-cox
13.95
Log_b(x-a)
41.03
sqrt(x+a)
16.06
exp(x)
NA
arcsinh(x)
41.03
Yeo-Johnson
13.95
OrderNorm
1.20

Data Notes:

2010 is the most recent Census data being reported.

Citation:

US Census Bureau, Total Housing Units Owned Free and Clear [H004003], https://www.socialexplorer.com/data/C2000/metadata/?ds=SF1&var=H004003

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