The Quantification of Qualitative Survey Data: A Critical Assessment

Michela Nardo

Journal of Economic Surveys, 2003, vol. 17, issue 5, 645-668

Abstract: Abstract. Data obtained from business and consumer surveys are often used in forecasting models and in testing different expectation formation schemes. Their use, however, requires a previous step of transformation of the qualitative data into quantitative figures. This paper contains a critical review of the different quantification methods, highlighting the limits of their use in macroeconomic modelling.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jecsur:v:17:y:2003:i:5:p:645-668

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