Assessing Accuracy and Reliability: A Note Basedon Approaches Used in National Accounts and Balance of Payments Statistics
Electronic Access:
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Summary:
Both national accounts and balance of payments are based on multiple, complex source data and typically undergo several routine revisions as more and better source data are incorporated into the final estimates. As a result, neither dataset can be subjected directly to the usual statistical measures of sampling biases, variances, and other measurement error properties. In this context, this note, which is addressed to those interested in these datasets and others, explores four approaches that shed light on the accuracy and reliability of these datasets: examination of statistical discrepancies, comparison with other data, analysis of revisions, and judgmental evaluation.
Series:
Working Paper No. 2002/024
Subject:
Balance of payments statistics Data Quality Assessment Framework (DQAF) Economic and financial statistics Fiscal accounting and reporting Income National accounts Personal income Public financial management (PFM)
English
Publication Date:
February 1, 2002
ISBN/ISSN:
9781451844153/1018-5941
Stock No:
WPIEA0242002
Pages:
21
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