Halifax -1.9% MoM, -17.5% YoY -21.3% from peak.

Really2

Sir_Humphrey wrote: »

Whether my town is included in the national stats is irrelevant to the accuracy of the national stats. They are background only - they are a national average and that is all they claim to be. To come back to the original point, the likely sample size for this Halifax survey is probably about 10000, which is plenty to get a reasonable national picture.
There are plenty of basic stats books, and I recommend you read one of them.

Brick Wall.

You local figures come from the sample they use for the national average. If they used 1000 how would you get the stats for your area? (the national average is a by product of a wider survey)

Tell me what guys, if you can back it up what would be the staisitcal accuracy (in % terms) of using 1000 units to work out the average house hold price in the UK.

Also on 10,000 if you like.

Should be easy as you know the set methods.

Kenny4315

ad44downey wrote: »

dan, you should be wishing for prices to continue fallling. If they do you might be able to afford a bigger caravan.

Anyone see the program on caravaning bbc2 last night ??? :beer:

Sure I saw the 2 Ad'ies lottering around on there looking rather excited with the latest offerings

Sir_Humphrey

Really2 wrote: »

Brick Wall.

You local figures come from the sample they use for the national average. If they used 1000 how would you get the stats for your area? (the national average is a by product of a wider survey)

Tell me what guys, if you can back it up what would be the staisitcal accuracy (in % terms) of using 1000 units to work out the average house hold price in the UK.

Also on 10,000 if you like.

Should be easy as you know the set methods.

No it isn't, these stats have nothing to do with my local area - they are national. Me and Stephen163 have just given you a free stats lesson (something that would cost several bob normally). Take it or leave it.

Really2

Sir_Humphrey wrote: »

No it isn't, these stats have nothing to do with my local area - they are national. Me and Stephen163 have just given you a free stats lesson (something that would cost several bob normally). Take it or leave it.

:rotfl:

Sorry I thought you said it would be acurate with 1000-1500 samples

But you cant give me to what degree.?

So you are still admant that size of data is irrelvent in stats accuracy.

You are my stat hero.:heartsmil

PS(Do they not give out local variation then? I am sure I have seen them?)

Sir_Humphrey

Really2 wrote: »

:rotfl:

Sorry I thought you said it would be acurate with 1000-1500 samples

But you cant give me to what degree.?

So you are still admant that size of data is irrelvent in stats accuracy.

You are my stat hero.:heartsmil

I never said it was irrelevant. Re-read my posts.

Really2

Sir_Humphrey wrote: »

I never said it was irrelevant. Re-read my posts.

What is that then if "not an issue" is not irelevent?

Sir_Humphrey wrote: »

As a rule of thumb, provided they sell more than about 1000-1500 new mortgages a month, sample sizes should not be an issue. (Happy to be corrected by any professional statisticians here).

Sir_Humphrey wrote: »

1000-1500 is not a small sample. Sample sizes above that number add little to accuracy.

Sir_Humphrey

Really2 wrote: »

What is that then if "not an issue" is not irelevent?

You seem to be having problems with reading comprehension. The first sentence makes quite clear that a sample of one would not be valid. The second states that having 10000 over 1000 is makes a difference but not a big one.

If you want to waste your time by making yourself look silly, then carry on.

Really2

Sir_Humphrey wrote: »

You seem to be having problems with reading comprehension. The first sentence makes quite clear that a sample of one would not be valid. The second states that having 10000 over 1000 is makes a difference but not a big one.

If you want to waste your time by making yourself look silly, then carry on.

Sorry that is the bit i seem to struggle with you don't seem to be clear on that actual data in % terms.

Do you class 5% as a big difference. Perhaps if you could clarify what you think "big difference" is perhaps I could understand more where you are coming from?

JonnyBravo

ad44downey wrote: »

If I do get a home it won't have wheels on it, that's for sure. lol

Well of course it won't. Who ever heard of a tent with wheels??? :rolleyes:

Dan:_4

ad44downey wrote: »

dan, you should be wishing for prices to continue fallling. If they do you might be able to afford a bigger caravan.

Do you know what downey, I have never read one constructive post from you. I suspect this is because you are too thick to understand basic economics. Out of ALL the regular members, your the only one where I have no idea on what your personal views are of the current status of the economny or house prices - all you seem to manage are ridiculous sound bites.

You seem to enjoy targeting me with your silly 'put downs' probarly because you know that I am stupid enough to bite back - well, i've had enough of being brought down to your level. Do you really think this is what people want to read? We are not doing ourselves any favours.

I've been PM'ed in the past advising me to stick you on ignore, and I think they are probabrly right - so there you have it - congratulations at being the first on my ignore list.

You can now go away and haunt someone else for a change.