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1. The above graph shows how surging daily cases have been tormenting India. Between 6/19 and 7/15, the daily cases averaged 21,083, skyrocketing to 51,291 since then -- a whopping 143% jump in mere a month. Even the 7-day moving average has been trending at over the perfectly-linear 45-degree.
2. The daily death toll also kept pace, moving in tandem with the cases. During the periods described above, the death toll average jumped nearly 80%, from 447 to 798. While the moving average trendline has remained linear, it is slightly below the perfect-45. Unfortunately, the average has further jumped to 918 in the last ten days.
Hey Applied Econ students -- Here is the power of outliers: Without one outlier data point on 7/23, the r-squared jumps to 0.93.
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Happy Independence Day, India!
Stay safe!
Data Sources:
-Sid Som
homequant@gmail.com
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