Wednesday, September 16, 2020

Post Pandemic, Major Assessment Jurisdictions should consider Hiring AI Engineers (rather than Traditional Modelers)

"AI engineers don't write code to build scalable data pipelines like a data engineer...instead, they understand how to extract data efficiently from a variety of sources, build and test their own machine learning models, and deploy those models using either embedded code or API calls to create AI-infused applications."

Conversely, the existing mass appraisal (CAMA) regression models are not intelligent enough as they are highly modeler dependent (subjective). Thus, given the same sales dataset, five modelers may come up with five different models with very different results. Of course, the biggest failure is the Sales GIS -- generally developed off the current market attributes -- so it's representativeness relative to the population (which is more or less static) is difficult to establish and justify.

[FYI -- That is why, in my AVM books, I propose the use of fixed neighborhoods as they are not sales-dependent and are population-derived, rather than the Sales GIS, which is totally sales-dependent and is not necessarily representative of the population the model is applied to.]

AI engineers do not use any data-variable modeling. Their data extraction process is ingenious, leading to brilliant machine learning models. In a mass appraisal environment, they will precisely identify and demonstrate where the sales datasets and populations are at variance. Whereas, the mass appraisal modelers will remove them from the model as outliers, creating unexplainable gaps and significant fault lines they won't even know.

Alternatively, in a traditional CAMA environment, it's all sample-based, so the results are, at best, bell-curved with the customary 68% efficiency. The error-based CAMA regression models fail to test the solution; for example, is a model Coefficient of Dispersion (COD) of 8 better than a COD of 10? The COD of 8 could represent a post-optimal solution, whereas the COD of 10 could correctly represent an optimal solution. But in a CAMA environment, the COD of 8 would be universally preferred (In fact, several years ago, I presented a paper along these lines at a national conference, raising some serious questions). 

The mass appraisal industry is too antiquated, using the 30-year old regression modeling and mostly Sales GIS. That is why it is high time that the major mass appraisal jurisdictions start hiring some AI engineers, proving that the industry needs to look ahead. 

Granted, given the paucity of AI engineers, it will not be easy to hire AI engineers, but the agencies should widen the search and try. Given how the union-heavy civil service system works, they should also remember what Steve Jobs said, "It does not make sense to hire smart people and then tell them what to do. We hire smart people to tell us what to do." In other words, they must be given the necessary flexibility and autonomy to develop forward-looking solutions, without being bogged down to backward-bending maintenance. 

Of course, to make the modeling environment more efficient and solution-oriented, these agencies should also hire STEM graduates instead of traditional business and humanities graduates who lack advanced quantitative training and knowledge and make very poor modelers. Since a sizable percentage of municipal hires are non-civil servants, these folks could easily qualify in that segment, citing an urgent need for high-level quantitative talent – just the way the major US companies hire skilled foreign nationals under the annual H1-B visa quotas. 

The combination of STEM and AI could be the nirvana for these major jurisdictions.  

Similarly, in the futuristic consumer environment (e.g., free home valuation apps and online sites), the AI-based solutions would, optionally, ask the first-time users to take a short tutorial. As the user interacts with the tutorial, the machine learning models will extract and store the data (by reading the user's responses) and fine-tune the model for each user. When the user returns to value a subject, the stored model will populate the comps as soon as the issue is defined so that the ten-minute exercise would be reduced to fifteen seconds – and customized.

-Sid Som
homequant@gmail.com


Tuesday, September 15, 2020

Coronavirus Pandemic – India Endures another Grim Milestone of 5M Cases

(Click on the image to enlarge)

Since August, India has been the world's epicenter when it started to eclipse the daily counts of the then frontrunner Brazil. 

Today, it hit a new milestone of 5M confirmed cases, solidly occupying the second position.

At the beginning of June, India was in the seventh position with a total caseload of 191K. Its daily average jumped threefold to 35.8K in July, nearly doubling to 64.4K in August and a rocketing to 88.7K in the first two weeks of September. 

Lately, its daily caseload has been hovering around 90K.



(Click on the image to enlarge)

India's deaths remain horrific, reaching a total of 82K as of this post on 9/15. Again, while the daily deaths averaged 345 in June, it jumped to 616 in July, 928 in August, and a whopping 1,118 thus far in September. Though it occupies the second position in case counts, it remains number three in total death tolls, behind Brazil and the US. Since all these three countries are still registering around 1K daily deaths, it is difficult to predict if India would eventually surge past them.

 
(Click on the image to enlarge)

The regression between the daily cases and daily deaths demonstrates a near-perfect linear relationship, confirming the simultaneous surge, unlike in the US, where deaths significantly trailed during the resurgence in August. Except for a handful of outliers, the fit is pretty tight; nonetheless, the r-squared value representing the collinearity is relatively high. 



(Click on the image to enlarge)

Despite the recent surge, India's death rate remains the lowest among the ten hardest-hit countries. Likewise, its population-level death rate also remains extremely low. On the other hand, it has a less than sellar testing credential and a moderate positivity rate, further contributing to the surge.

India needs to peak and taper shortly to avoid running into the coming flu season, which could be even more deadly.

Stay safe!

Data Sources:
https://www.worldometers.info/coronavirus/
https://en.wikipedia.org/wiki/COVID-19_pandemic_in_India

-Sid Som
homequant@gmail.com

Monday, September 14, 2020

How to Ace an Interview

Ceteris paribus, meaning other conditions remaining the same:

  • Read a book or two on interview strategies.
  • Watch a few video clips on dos and don'ts.
  • Skim through several trend-setting articles subject.

This chapter by no means attempts to compete with them. Instead, it's strictly complementary. Having sat on both sides of the table, I will share my humble but slightly different take on interviews. However, I will describe my experience by combining both, i.e., how I used to approach interviews as a candidate and later what specific qualities I used to look for in candidates when I interviewed them.

1. Try Match Practice before Interviewing with the Targeted Companies. Just the way teams play several exhibition/warm-up matches before starting a major tournament, it's always healthy to interview with several second-tier companies within the industry before starting with the targeted companies. For instance, even if you target the central investment banks like Goldman Sachs, Morgan Stanley, Credit Suisse, JP Morgan Chase, etc., it's a good idea to start the interview process with several second-tier investment banks, followed by the actual targets. It will immensely enhance your confidence as you begin interviewing with your targeted companies. If the question comes up during the interview, make a generic statement like "I am focusing on investment banks only" or "Yes, I am interviewing with some of your competitors as well," etc., without making any specific name reference or categorization (1st-tier, 2nd-tier, etc.) whatsoever. 

2. Right at the outset, Ask the Interviewers if you could use your Notepad (or if you could Borrow one). FYI, the vast majority of interview questions have multiple parts, and it's generally by design. Simply put, they try to test that you can retain and answer them in the right sequence. By having a notepad in front of you, you can jot down the different parts of the questions and the sequence they are being asked, which will help you concentrate on the answers, without having to remember the various factors and juggle with the arrangements (which carry no extra points). Even if you disagree with any sequence, do not take the liberty to alter them. A candidate who does not write the questions down often expresses, "Let me start with the last part first" and rarely address the rest as they often fail to remember the last parts. Again, as a candidate, you have no right to alter the sequence. The interviewers are in charge, and you follow their instructions. There is no room for any arrogance.

3. Be Polite while answering the Opening Question, usually about yourself. Generally, the first question is about yourself (e.g., introduce yourself, describe your achievements, etc.). The interviewers typically throw the ball into your court, thus allowing you to "set the tone." Even if you had aced the SAT and then maintained straight A's in college, do not harp on that string. Instead, politely answer that you managed to "do well" in high school and college, moving on to your college major's specifics, leading to the thesis of your internship. Since your achievements are already bulleted in your resume, there is no need to double down on them. Instead, set a polite tone which will immensely impress upon them, so much so that it will have a serene carry-forward impact throughout the interview. Smart people try to minimize the use of the braggadocios' pronoun "I" and consider its overuse morally hazardous. 

4. Be equally Polite while addressing your "Strengths and Weaknesses". This tends to be a common question for new graduates. Instead of parroting a list of strengths from the Internet, politely specify a handful of diverse and meaningful (mostly related to this job) attributes saying, "These are some of the strengths that have been pointed out to me over the years" or another polite expression along this line. Do not makeup weaknesses to create an answer. Instead, politely and confidently say, "Nothing has ever been pointed out to me." If you make one up, the conversation will take a negative turn, often with a snowball effect. Remember, "Goods well bought are already half sold." The fact that you are being interviewed (and I'm talking about a real management interview, not just an HR interview) bumps your point of origin up to 50 -- it's not 0 anymore. So, continue to ride on the rising positive momentum, without the need for any negative emotions, which may only act to your detriment.

5. Show a very Positive Attitude while Describing your Knowledge and Impression of the Company. This is another general question for the new graduates. As a candidate, you must have this answer well-prepared and adequately practiced. Instead of spending too much time and effort on the company's headcounts, ultra-modern real estates, and global footprints, emphasize on what attracts you about this company: how the company became the best in class; its world-class training program; its perennial growth prospects; its cutting edge marketing initiatives; its top-of-the-line yet highly diverse workforce; its proven and consistent room for growth, etc., but staying away from the obvious like excellent salary, benefits, physical work environments, etc. Refrain from getting bogged down to balance sheet nitty-gritty, holding back all of your questions till the end or until you are asked to do so. Just focus on addressing their issues as politely, precisely, and thoughtfully as you professionally can.  

6. Avoid any Negative Talk/Opinion about your Current or Prior Employers and Bosses. If you completed an internship or held temp/part-time jobs during the college years, do disclose all of them in your resume. If you are asked to talk about them, try to keep the narrative as positive and perfect as possible. Smart people do not enjoy negative talks or tones. If you do, they may sympathize with you superficially, but rest assured you will be pushed down to the list's bottom. We all know life is not a bed of roses, so smart people do not waste time dwelling in the past; they move on and work towards a brighter tomorrow. At an early age, I learned from Lord Buddha to live in the present, which always helped me stay positive and focused. Positive people are inherently more productive and tend to make great corporate leaders. Their positive energy helps create very positive work environments. No doubt, it's a real blessing to work with a perennially upbeat boss.

7. While answering the Main Questions, try to Walk Away from the Herd. Remember, for two or three openings, the shortened list may still comprise twenty to thirty highly qualified candidates. So, while answering the main questions, use your knowledge (depth) and intelligence (ability to get to and stick to the real issue) to narrow the competition. In doing so, whenever you can, try to walk away from the herd, so you stand out -- in addition to conventional thinking, present outside-of-the-box solutions, preferably with the help of some real examples from your internship, work/study programs, etc. Soon, you will be solving enterprise-level challenges, so make an emphatic case in front of them that you are capable of rising way above the occasion and, thus, you rightfully belong there alongside those brilliant minds. 

8. Save the Best for Last. Show off your Mettle with some Awe-inspiring Questions. The primary interview has ended. Now, it's your turn to ask them some questions. Remember, this is the only part of the interview you will control, so it's your time to show off your Mettle. Bang away with questions they have never heard of. Bang away with items that will leave them wanting more. Bang away with things that they will ask one another later. Bang away with questions that will prove you are the super-human they have been waiting for. Anything less will significantly reduce your chances. Whatever answers you get, accept them politely. It's impolite to ask them follow-up questions; instead, move on to the next question. Again, this is not the forum to ask any HR questions. Even if the topic comes up, politely decline it by saying, "If I have any HR questions, I will later contact the HR Department. Thank you anyway." 

9. Rejections must Inspire you to Prepare harder and smarter for Future Interviews. While you should take rejection as a passing show, it must also inspire and impel you to prepare better for future interviews. Steve Jobs used to say, "You can't connect the dots looking forward; you can only connect them looking backward." Every time I was rejected (after having interviewed), I told myself I was not prepared enough to get the job. Then again, I knew quite well the mistakes I made and promised myself I would not repeat them. Of course, one of the best ways to reduce the incidence of classic or run-of-the-mill errors is to allow yourself some meaningful match practice (#1 above). A rejection is not a let-down, rather a reminder of better opportunities ahead, taking advantage of which requires slightly better preparations. You are almost there!

A few years ago, I was (phone) interviewing an overseas candidate for a Senior Analyst position. I was so impressed with the answers that I had to give him a perfect 10. Then it was his turn to ask me some questions. The first question he asked pertained to his work hours. I had no choice but to mark the one off his score. The point is, when you are interviewing for a career job that might lead you to be the future CEO of the company, the last thing you should think about is your work hours. When you are starting in the labor force, you have to be flexible. If you are looking for an 8 to 5 job, you need to redevelop that Mettle.

-Sid Som, MBA, MIM
homequant@gmail.com


Sunday, September 13, 2020

Turning LinkedIn into an Effective B2B Marketing Tool

LinkedIn is the most influential business social today, undoubtedly rising head and shoulder above the competition. Whether one is seeking a new job opportunity or is looking to connect with other industry professionals or business leaders, one needs to have a decent presence on LinkedIn. Given the fast-changing marketing landscape, LinkedIn could be a handy B2B marketing tool as well. So, how does one turn it into a useful marketing tool? Here are the considerations:

1. Choosing Contacts – You must evaluate and select the LinkedIn contacts very carefully (no room for family and friends here), especially zeroing in on the decision-makers. For example, if you are currently offering services to banks and other financial institutions, learn to constrain your research and the resulting search to the decision-making vertical, i.e., VP-SVP-EVP, etc., leaving out the non-decision making universe as they would not be much help in your endeavor.

2. Limited Success at the Beginning – Expect minimal effectiveness at the beginning, say 20-30%. Of course, it could be higher or lower, depending on mutual interest and compatibility. Regardless, try to align with the decision-makers, remembering quality is better than quantity here. In other words, 20% effectiveness from the universe of decision-makers would be far better than 50% effectiveness from random bankers.

3. Content is King – Content is king, so do not waste time on unrelated issues or themes; instead, stick to your area of expertise, business, or the competition. For instance, instead of sharing or re-publishing news or articles from various news agencies, place your pieces and commentaries, so your offering or business stands out. The originality is greatly rewarded. The frequency is also critical in maintaining proper visibility, so try to contribute frequently, preferably daily.

4. Avoid Direct Marketing – Unless specifically requested by your contacts, it's better to avoid direct marketing. It would be harikari to spam contacts with un-solicited literature. It's a severe turn-off to the busy business people. All such marketing must be indirect via meaningful posts and articles, allowing contacts to be self-enticed to reach out to you. When they reach out to you, it's already half-sold. The adage – goods well-bought are already half-sold – applies quite well here.

5. Target Population – Define the target population you would like to achieve within a specified timeframe. A high-water mark is critical. Again, quality is more important than quantity; for instance, 1,000 vertical-level decision-makers (quality) are more valuable than 2,000 random bankers (just quantity), mostly non-decision makers. Set a timeframe, say within six months, to achieve this goal. Spend an hour each night – religiously – reviewing candidate profiles and sending out invites.

6. Increased Marketing – As liquidity increases, you need to intensify your marketing efforts. It's a numbers game: 1 to 2% effectiveness becomes significant when the underlying population is large and impactful. In other words, if you have a contact population of 3,000 decision-makers, a 1% response rate (or 30 leads per day) is quite significant – at least initially. As the population increases, you will get increasingly more requests to join your network, boosting your population faster.

7. Automated Campaign – Considering it's a 100% targeted platform, the use of mechanical or impersonal campaigns must be minimized. For instance, instead of placing a marketing flyer in front of your contacts, write a meaningful introductory piece, followed by a set of links pointing to your flyers. It's good to understand that the business leaders can smell automated campaigns (a.k.a., bots) from far away, so all costs must avoid them. Of course, when the leads are self-enticed (after having read your piece), they are far more result-oriented.   

8. Keep the Base Growing – Just the way you would grow your own business, keep your LinkedIn base growing. The growth pattern must be collinear, meaning they must grow in tandem (as they complement each other). As the base grows, your percentage of success will grow at a much faster rate as the mutual interest grows. Similarly, you will receive a much higher volume of requests. Remember, it's your business, so do not unnecessarily relax your acceptance rules. On the contrary, now that your base is liquid, try to tighten it a bit. For example, roll up your original VP-SVP-EVP vertical to SVP-EVP-FVP now.

9. Some Exceptions Worth Considering – Lastly, here is an optional consideration – an exception (to the stringent acceptance rule) that many follow. For example, now and then, when I receive requests from certain rule-breaking yet deserving candidates like the mothers trying to return to work, veterans entering the labor force, new STEM graduates looking for jobs, etc., I wholeheartedly welcome them into the network.

At any rate, LinkedIn has grown into a business social powerhouse, so it must be used as a marketing platform to complement other marketing efforts. B2B professionals should use it as one of the primary marketing tools, but building a good deck is the key to such success.


-Sid Som, MBA, MIM
homequant@gmail.com


Friday, September 11, 2020

Want Fair and Equitable Assessment? Consider Electing New Generation of Tech-Savvy Assessors!

Why?

Here are the reasons: 

1. Independently Elected Assessors will be Free from City Mayor or County Executive's Political Agenda -- Until very recently, Tax Rolls used to be generally regressive, favoring the rich at the expense of the middle class, meaning the middle class used to subsidize - often heavily - the wealthy homeowners. Now with the introduction of the SALT Cap, the wealthy homeowners are not happy campers anymore. Therefore, it is high time to return to the independently Elected Assessors replacing the hand-picked political appointments. Municipal political positions could stoop to shallow levels. Since "home" comprises the single most significant financial investment for the vast majority of taxpayers, they need to regain control of property assessment and, in turn, their property taxes. Electing Mayor/County Executive must be mutually exclusive (de-coupling Administration and Assessment), so they are neither armed with the power of assessment nor bogged down by its never-ending complexities.    

2. Elected Assessors will be Enticed to Undertake Forward-looking Experiments rather than just Vaguely Meeting some Antiquated Industry Guidelines -- Unfortunately, as long as some antiquated industry guidelines are met, the Roll gets published, with the Review Board picking up the fall-outs from there. This feedback loop (feeding off each other) perennially continues while the taxpayers are left in the lurch. Meanwhile, the current Administration continues to point the finger at the former Mayor/County Executive of slashing the human resources budget. A visionary and gutsy Elected Assessor would look at such scenarios positively and explore forward-looking solutions instead of more government employees. Taxpayers need a real solution to this age-old challenge. Independent and innovative leadership could be the step in the right direction. The old-age experiment of more government employees has not worked.

3. The New World of Artificial Intelligence could provide the Solution the Assessment Industry has been Waiting for -- if the new generation Elected Assessors are keen on having this age-old challenge solved, they should seriously consider the world of AI solutions. Therefore, an Elected Assessor needs to be someone with a background in solving complex problems, perhaps without assessing or Valuing whatsoever. A brilliant problem-solving mind will quickly realize the need for AI/Robotics technology in getting arms around this challenge. Such reasons would not buy into the idea of the old-fashioned statistical modeling with high "under-the-surface" error rates. For example, an AI-based data collection and data update application will do a far better job than competing human judgment (despite the homogeneous definitions and guidelines).    

4. The New Generation of Elected Assessors will help Change the Existing Guidelines, which have become vastly Antiquated -- The existing valuation modeling (CAMA) guidelines revolve around the multiple regression models. That modeling environment provided an excellent start to the industry, but, over the years, the over-dependence on the modeling stats to meet and exceed the industry guidelines often paved the way for significantly less surgical dissection and analysis of the population data, resulting in sizable appeals, especially in urban jurisdictions with a high degree of heterogeneous housing stock, thus calling into question the effectiveness of the overall Roll. A new generation of Elected Assessors with advanced quantitative and problem-solving backgrounds would be needed to introduce rules leading to meaningful guidelines.

5. Elected Assessors would be more Amenable to FOIA/FOIL Requests on Automated Valuation Models and Formulas -- In the event of an error-filled Roll, the Assessors who are part of the ruling Administration would be less than forthcoming to disclose their models and formulas, whether internally developed or by their favorite consultants, to the public. The new generation of Elected Assessors would be more than happy to make them public, emphatically citing the progress that has been made and highlighting the pipeline that is being worked on, even if it involves taking on some short-term pain to achieve significant long-term gain (i.e., to solve the age-old challenge). They might even encourage a series of brain-storming debates with local experts to factor their inputs into the process. Playing hide-and-seek game with the taxpayers is antagonistic to the fortitude of public service. 

6. Elected Assessors will Meaningfully Evaluate Cost Benefits of Outsourcing certain Functions and Services vis-a-vis Conventional New Hires, Consultants and Vendors -- The new generation of Elected Assessors will bring a wealth of expertise in making sound business decisions, including BPOs, KPOs, etc. Their choices will conform to the election manifesto that put them in the office in the first place given their independent status (off of the ruling Administration). The knowledge of the make-shift internal modelers (from assessing/data collection to quantitative modeling) and the expertise the industry's leading consultants and vendors bring are perhaps backward-bending, forcing them to consider other more forward-looking alternatives like hiring AI Engineers, outsourcing to AI firms, retaining Public Relations firms for outreach, etc. The alternative is the status quo, with wishful thinking (will fix the next Roll). 

7. Elected Assessor's Vision will help many Veterans to leave yielding place to the New -- Tennyson's immortal poem may ring a bell again, "The old order changeth yielding place to new And God fulfills himself in many ways Lest one good custom should corrupt the world." As the new vision anchors, many veterans unwilling or unable to keep pace with the changes might retire, freeing up significant budget dollars for the modern workforce, technology, and futuristic services. Since the veterans are some of the highest-paid employees, the savings from their departure could be significant. Perhaps, the new generation of Assessors' election might finally work as the catalyst or the leading indicator of change for the other interacting agencies as well, proving how forward-looking vision backed by disruptive business models could bring about system-wide changes.   

8. Elected Assessors might take a fresh look at the existing Data Warehousing and Modeling -- If only 5-10% of the data undergoes annual changes, the question one should ask: Is it worthwhile to spend millions of taxpayer dollars on warehousing the static data or is it prudent to switch to a significantly scaled-down data warehouse? A straight-forward AI model based on just size and location could be more effective than a regression-based Juggernaut requiring a whole host of modelers applying personal judgment to improve model stats. Therefore, future data warehousing should be tied to future valuation modeling, eliminating the need for any wasteful data. If a house has two full baths, who cares about keeping track of the number of bath fixtures? Just an extravagant piece of data and costly warehousing! Therefore, the new generation of Elected Assessors would be expected to cut to the chase as to the future data requirements, saving a ton on wasteful data collection, inspection, and warehousing.   

9. Appeals Review Assessor must also be Elected -- Almost all major jurisdictions have Appeals Review agencies (under various names) headed by Commissioners, etc., usually hand-picked by the ruling Administration. While this separation (generally by the Charter) might be useful, their total independence is more critical to effectively serving the taxpayers. Therefore, to make the system politics-free, taxpayers must have "Elected" Review Assessors as well. While electing the Review Assessor, taxpayers should zero in on the candidates with significant Quality Control/Assurance expertise. Of course, independence comes with a financial cost, meaning an independent apparatus has to be maintained. Since the review window is short-lived (seasonal), employees could be leased to avoid employing them during the off-peak season, incurring unnecessary legacy costs.    

There is no certainty that an Elected Assessor or Review Assessor would always pan out; then again, the power remains with the people.

Of course, the only permanent solution to this perennial problem is to gradually replace property taxes with middle-class friendly progressive consumption taxes (see the link below). 

-Sid Som, MBA, MIM
homequant@gmil.com             

Post Pandemic, Replace Property Taxes with Middle-Class friendly Progressive Consumption Taxes         


Wednesday, September 2, 2020

Coronavirus Pandemic – Ukraine, Poland and Romania are Surging; Belarus and Serbia have Tapered

(Click on the image to enlarge)

While Ukraine, Romania, and Poland tapered in June-July, they resumed a rapid surge in late July and continued into August. The June 1,326 daily average jumped to 1,976 in July and rocketed further to 3,584 in August.

Both 7-day moving average trendlines confirm the taper as well as the rapid reversal of the trend. The standalone Ukraine chart and the associated trendline not only confirm the overall trend but also reveal an exponential degeneration at the outer end of the curve, indicating further escalation soon.


(Click on the image to enlarge)

Though both Belarus and Serbia have tapered, the former peaked and tapered in June while the latter peaked in late July and tapered in August. At the peak, the daily average of Belarus was 850, collapsing to 130 in August. On the other hand, Serbia averaged 354 in July, tapering to 185 in August.

Unfortunately, Belarus has started showing a tepid resurgence in late August, which even the trendline has picked up.


(Click on the image to enlarge)

The above correlation matrix nicely combines the attributes of the two conflicting data trends. Since Ukraine, Romania, and Poland have surged in lockstep, the resulting coefficients are positively correlated. Likewise, they have negative-to-low correlations with Belarus and Serbia. As expected, Belarus and Serbia have relatively high negative correlations.


(Click on the image to enlarge)

Since Belarus had managed to intensify testing among its most vulnerable, it has been credited with one of the region's lowest death rates. Though Ukraine's death rate remains low, its testing credentials are abysmal. Romania has been registering a higher death rate, but its positivity remains low, and the testing is getting better. Serbia has responded well all around.

Ukraine remains the hot spot in the region. It needs better testing and more serious social measures.

Stay safe!

Data Sources: 

-Sid Som
homequant@gmail.com