Big Data for Twenty-First-Century Economic Statistics (Hardcover)
Language: English
Published by The University of Chicago Press, 2022
Series: Book 2 of 18 - National Bureau of Economic Research Studies in Income and Wealth
- Hardcover
- New
Seller: Grand Eagle Retail, Bensenville, IL, U.S.A.Grand Eagle Retail
AbeBooks seller since October 12, 2005
Condition: New
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Add to basketItem description from seller
Hardcover. 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 Datasuch as scanner data on purchases, credit card transaction records, payroll information, and prices of various goods scraped from the websites of online sellershas 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. The papers in this volume analyze the deployment of Big Data to solve both existing and novel challenges in economic measurement. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…
Seller Inventory # 9780226801254
- Title
- Big Data for Twenty-First-Century Economic Statistics (Hardcover)
- Author
- Katharine G. Abraham
- Publisher
- The University of Chicago Press
- Publication year
- 2022
- Condition
- new
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 022680125X
- ISBN 13
- 9780226801254
- Series
- Book 2 of 18: National Bureau of Economic Research Studies in Income and Wealth
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.
"Synopsis" may belong to another edition of this title.
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