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Decision-making and sampling size effect

Ismariah Ahmad, Rohana Abd Rahman (), Jean-Marc Roda (), Lim Hin Fui () and Mohd Parid Mamat ()
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Ismariah Ahmad: Forest Research Institute Malaysia
Rohana Abd Rahman: Forest Research Institute Malaysia
Lim Hin Fui: Forest Research Institute Malaysia
Mohd Parid Mamat: Forest Research Institute Malaysia

EAS Strategic Options, 2010, vol. 2010, issue 07, 15

Abstract: Sound decision-making requires quality information. Poor information does not help in decision making. Among the sources of low quality information, an important cause is inadequate and inappropriate sampling. In this paper we illustrate the case of information collected on timber prices.

Keywords: prices; sampling; statistic; data; domestic market; export market; malaysia; market; wood products; economy; industry; wood; exports; supply; imports; timber (search for similar items in EconPapers)
Date: 2010
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