Influence of data vintage on quantification of expectations

• Autorzy: Emilia Tomczyk
• Języki publikacji: EN

Abstrakty

EN

Importance of acknowledging data revisions - that is, corrections published after the initial announcement was made - has been repeatedly stressed in current economic literature. In this paper, I propose to test whether including information on data revisions infuences results of regression quantification procedures. Empirical analysis leads to the conclusion that end-of-sample data appears better suited for quantification of business tendency survey data on volume index of industrial production sold. (original abstract)

Słowa kluczowe

EN

Quantification procedures; Panel data; Statistical surveys; Economic Sentiment Index; Rational expectations theory; Quantification of prosperity; Linear regression

PL

Ujęcie ilościowe; Dane panelowe; Badania statystyczne; Indeks nastrojów gospodarczych; Teoria racjonalnych oczekiwań; Kwantyfikacja dobrobytu; Regresja liniowa

• Czasopismo: Department of Applied Econometrics Working Papers
• Rocznik: 2014
• Numer: nr 4
• Strony: 19

Twórcy

autor

Emilia Tomczyk

• Warsaw School of Economics, Poland

Bibliografia

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