
Statistical and Creative Analysis of Small Qualitative Dataset
- or -
Post a project like this$12
- Posted:
- Proposals: 8
- Remote
- #3952721
- Expired
Digital Solutions|Designer & Developer|Shopify|App Development|WordPress|Data Scraping|Lead Generation|Animation

Graphic Designer |Experienced Web Designer | Video/Audio Editor | PowerPoint/Keynote | Content Writer |

Top rated Data Analyst | Power BI & Excel Guru | SPSS Expert | Data Analysis |Data Visualization Expert

94945183811478280377234314163782127808582766663436261041
Description
Experience Level: Entry
The Central Bank (CB) meets bimonthly (every other month) to make decisions on whether to hike (increase), retain (hold) or reduce the monetary policy rate (MPR).
Ahead of their meeting, I try to gauge and ‘forecast’ what the likely outcome (increase/retain/reduce) will be (and by what extent).
After the meeting I make comparisons of what I ‘forecasted’ and what the actual outcome is.
I also look at what other analysts in the economy have predicted regarding the outcome of the meeting with respect to the Central Bank’s decision on MPR.
I have been 'predicting' the outcome of the Central Bank meeting for over two years now and I would like to ‘scientifically’ measure my ‘success rate’ taking into consideration:
1. How many times I got it ‘exactly’ right i.e say I predicted the CB will increase the MPR by 100bps and they increase it exactly by that amount.
2. How many times I was directionally correct in my forecast i.e say I predict the CB will increase MPR by 100bps but they actually increased it by 150bps
3. How my forecast stacks up to that of other analysts whose opinion I sample.
4. Finally, there is a slight twist which can be seen from the attached table. In some cases, my ‘prediction model’ actually ‘indicates’ that all things being equal, the CB will take a particular decision, but due to some ‘extraneous’ factors (such as comments made by CB governor) I know that only the ‘behaviour’ of one variable (among the lot of variables I consider) will really matter. So in such instances, I actually decide to go against what my model would necessarily have indicated.
I need someone with a good statistical/analytical background to come up with a way to calculate and come up with a score to measure how well overall I have performed taking into consideration all the aforementioned points.
Ahead of their meeting, I try to gauge and ‘forecast’ what the likely outcome (increase/retain/reduce) will be (and by what extent).
After the meeting I make comparisons of what I ‘forecasted’ and what the actual outcome is.
I also look at what other analysts in the economy have predicted regarding the outcome of the meeting with respect to the Central Bank’s decision on MPR.
I have been 'predicting' the outcome of the Central Bank meeting for over two years now and I would like to ‘scientifically’ measure my ‘success rate’ taking into consideration:
1. How many times I got it ‘exactly’ right i.e say I predicted the CB will increase the MPR by 100bps and they increase it exactly by that amount.
2. How many times I was directionally correct in my forecast i.e say I predict the CB will increase MPR by 100bps but they actually increased it by 150bps
3. How my forecast stacks up to that of other analysts whose opinion I sample.
4. Finally, there is a slight twist which can be seen from the attached table. In some cases, my ‘prediction model’ actually ‘indicates’ that all things being equal, the CB will take a particular decision, but due to some ‘extraneous’ factors (such as comments made by CB governor) I know that only the ‘behaviour’ of one variable (among the lot of variables I consider) will really matter. So in such instances, I actually decide to go against what my model would necessarily have indicated.
I need someone with a good statistical/analytical background to come up with a way to calculate and come up with a score to measure how well overall I have performed taking into consideration all the aforementioned points.
Jyde B.
100% (7)Projects Completed
7
Freelancers worked with
8
Projects awarded
16%
Last project
1 Sep 2024
Nigeria
New Proposal
Login to your account and send a proposal now to get this project.
Log inClarification Board Ask a Question
-
There are no clarification messages.
We collect cookies to enable the proper functioning and security of our website, and to enhance your experience. By clicking on 'Accept All Cookies', you consent to the use of these cookies. You can change your 'Cookies Settings' at any time. For more information, please read ourCookie Policy
Cookie Settings
Accept All Cookies