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Overall good attempt, but there are factors which are harder to measure. How many people start new companies since they have a little fallback support? (potent

by ckluis 13y ago

Overall good attempt, but there are factors which are harder to measure. How many people start new companies since they have a little fallback support? (potential increase or decrease) How many dual-income families can afford to have a single parent working with the income of two families coming in? (potential decrease) How many people can afford not to work while in college now? (potential decrease) In previous question, Does this mean their long term chances of success are higher? (potential increase) How many people could use the benefits after a layoff + savings to better them selves and their future before re-entering the work force? (potential increase)

yummyfajitas 13y ago
How many people start new companies since they have a little fallback support? This is partially modelled by the jk_rowling() function. If you feel that is insufficient (I agree, it probably is), add a term you feel is realistic and check if it changes the result. For any parameters you don't know, choose a probability distribution that you feel encompasses all plausible values of the parameter. Then run your new model. Who knows, it might be the case that no matter what plausible value you choose, it doesn't matter. Or it could change things entirely. These are both useful things to find out, and we'll only know if you write some code.
- ckluis 13y ago
  Thanks for responding. I should have clarified in my initial post that I am marketer with only barely passible php hacking skills. If I were to spend more time learning to properly program, it would probably not be in Python. I'm sorry you felt I needed a downvote for offering suggestions for additional variables (I do not think the jk_rowling function alone solves those issues) was a negative comment. I was trying to help without having the skills to directly participate. Nevermind the dual Masters in Business or the Minor in Economics. Oh and ignore the fact that I talk to my brother about complex economic issues (he has a Masters in Econometrics). Ignore the fact, I think this is fascinating topic and have tried to read everything I can on the topic. I'm sorry I tried to help without code.

by ckluis 13y ago

yummyfajitas 13y ago

How many people start new companies since they have a little fallback support? This is partially modelled by the jk_rowling() function. If you feel that is insufficient (I agree, it probably is), add a term you feel is realistic and check if it changes the result. For any parameters you don't know, choose a probability distribution that you feel encompasses all plausible values of the parameter. Then run your new model. Who knows, it might be the case that no matter what plausible value you choose, it doesn't matter. Or it could change things entirely. These are both useful things to find out, and we'll only know if you write some code.

ckluis 13y ago
Thanks for responding. I should have clarified in my initial post that I am marketer with only barely passible php hacking skills. If I were to spend more time learning to properly program, it would probably not be in Python. I'm sorry you felt I needed a downvote for offering suggestions for additional variables (I do not think the jk_rowling function alone solves those issues) was a negative comment. I was trying to help without having the skills to directly participate. Nevermind the dual Masters in Business or the Minor in Economics. Oh and ignore the fact that I talk to my brother about complex economic issues (he has a Masters in Econometrics). Ignore the fact, I think this is fascinating topic and have tried to read everything I can on the topic. I'm sorry I tried to help without code.