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The papers in this volume analyze the deployment of Big Data to
solve both existing and novel challenges in economic measurement.
The existing infrastructure for the production of key economic
statistics relies heavily on data collected through sample surveys
and periodic censuses, together with administrative records
generated in connection with tax administration. The increasing
difficulty of obtaining survey and census responses threatens the
viability of existing data collection approaches. The growing
availability of new sources of Big Data-such as scanner data on
purchases, credit card transaction records, payroll information,
and prices of various goods scraped from the websites of online
sellers-has changed the data landscape. These new sources of data
hold the promise of allowing the statistical agencies to produce
more accurate, more disaggregated, and more timely economic data to
meet the needs of policymakers and other data users. This volume
documents progress made toward that goal and the challenges to be
overcome to realize the full potential of Big Data in the
production of economic statistics. It describes the deployment of
Big Data to solve both existing and novel challenges in economic
measurement, and it will be of interest to statistical agency
staff, academic researchers, and serious users of economic
statistics.
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Reengineering the Census Bureau's Annual Economic Surveys (Paperback)
National Academies of Sciences, Engineering, and Medicine, Division of Behavioral and Social Sciences and Education, Committee on National Statistics, Panel on Reengineering the Census Bureau's Annual Economic Surveys; Edited by Nancy K. Kirkendall, …
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R1,556
Discovery Miles 15 560
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Ships in 12 - 17 working days
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The U.S. Census Bureau maintains an important portfolio of economic
statistics programs, including quinquennial economic censuses,
annual economic surveys, and quarterly and monthly indicator
surveys. Government, corporate, and academic users rely on the data
to understand the complexity and dynamism of the U.S. economy.
Historically, the Bureau's economic statistics programs developed
sector by sector (e.g., separate surveys of manufacturing, retail
trade, and wholesale trade), and they continue to operate largely
independently. Consequently, inconsistencies in questionnaire
content, sample and survey design, and survey operations make the
data not only more difficult to use, but also more costly to
collect and process and more burdensome to the business community
than they could be. This report reviews the Census Bureau's annual
economic surveys. Specifically, it examines the design, operations,
and products of 11 surveys and makes recommendations to enable them
to better answer questions about the evolving economy. Table of
Contents Front Matter Executive Summary 1 Introduction 2 What Data
Users Want, Need, and Use 3 Business Register 4 Harmonization of
Questionnaires and Data Collection Processes 5 Sampling and
Estimation 6 Editing, Imputation, Disclosure Control, and Quality
Standards 7 Dissemination 8 Toward an Integrated Annual Business
Survey System Appendix A: Observations from Users of the Annual
Economic Surveys Appendix B: Surveys Covered in this Report
Appendix C: Characteristics of the Annual Economic Surveys Appendix
D: Biographical Sketches of Panel Members and Staff Committee on
National Statistics
The national income and product accounts that underlie gross
domestic product (GDP), together with other key economic data?price
and employment statistics? are widely used as indicators of how
well the nation is doing. GDP, however, is focused on the
production of goods and services sold in markets and reveals
relatively little about important production in the home and other
areas outside of markets. A set of satellite accounts?in areas such
as health, education, volunteer and home production, and
environmental improvement or pollution?would contribute to a better
understanding of major issues related to economic growth and
societal well-being. Beyond the Market: Designing Nonmarket
Accounts for the United States hopes to encourage social scientists
to make further efforts and contributions in the analysis of
nonmarket activities and in corresponding data collection and
accounting systems. The book illustrates new data sources and new
ideas that have improved the prospects for progress. Table of
Contents Front Matter Executive Summary 1 Introduction 2 Accounting
and Data Foundations 3 Home Production 4 The Role of the Family in
the Production of Human Capital 5 Education 6 Health 7 The
Government and Private Nonprofit Sectors 8 The Environment
References Appendix: Biographical Sketches of Panel Members and
Staff Index
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