Friday, July 21, 2017

Quick Update And A Graph About Oil Prices

It has been rather hectic of late:
  1. My family and I have moved, and our former home has been sold;
  2. I stopped taking classes at UMUC, a combination of not having enough of either the time or the money necessary;
  3. I am looking for a full-time, permanent job in the Philadelphia area; and,
  4. the boys take up a lot of my free time.
So, I am getting back into the blog slowly with this quick personal update, and (what I think is) a nifty little visualization of oil prices.  I'm sure everyone is familiar with the line chart:

Note: red line is average price over the series.

I found this to be an interesting way to look at oil prices.  It shows the annual variation in the per-barrel price of oil as a boxplot, with the overall average price imposed by the red horizontal line:



If you can ignore the change of price in the last ten or so years, the thing that may catch you eye -- as it did mine -- was that many years don't have much volatility in the price, with the obvious exceptions of 2007 through 2009.

As usual, my R code is in my GitHub repo.

More posts will follow, as I strive to make more time to express myself.  I would like to do a follow up/finishing post on the voter data.  Plus, I want to explore and analyze some other data of economic/financial significance.

Stay tuned.
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