For our first assignment, our group accidentally posted two and so Professor Smitka requested that for our second post we should each do a reflection.
Aidan- For my first blog post I did a comparison of Consumer Price Index and the Breakeven Inflation rate. When creating my post I found it evident that significant increases and decreases of the CPI are indicators of inflation. However, through an explanation and graph posted by Professor Smitka of seasonally adjusted CPI I learned something different. With the seasonally adjusted data, the graph had more peaks and troughs, which did not line up with the inflation rate. This reflects the post by Wickham and Bolland of the importance that seasonal adjustments has on economics. As for the comments, it was intriguing to hear alternative viewpoints, such as how the volatility of gas could have an alternative effect on CPI. I also enjoyed being able to respond to comments, especially the questions provided. In the future I will continue to attempt to provide insightful ideas and questions when commenting as they are helpful for delving further into the blog post topic.
Jack- For my first post I observed the correlation between degree of education and unemployment rates. I learned several lessons from my first post, which I feel are valuable to share with the rest of the class. The first being that it is useful to connect a blog post with weekly concepts discussed in class. Doing so has make each most much more interesting to read. From the software on FRED I found that it was extremely useful to the “add line” feature after clicking “edit graph.” Doing so, allowed me to add multiple lines to my graph, ranging from high school degree level unemployment rate to doctoral degree unemployment rate. This feature has made it much easier for me to show the differences between differing education levels and is much more efficient than posting five separate graphs. An area that I wished I had initially incorporated was the ability to incorporate an interactive graph. This feature makes it easier to observe quantitative data and dates, thus allowing for easier user experience. Creating my first blog post was a great experience and taught many lessons. I hope you all can learn from my narrative.