Measures of accuracy for the Index of Production

Robin Youll, Neil Parkin and Chris Hunt
Additional contact information
Robin Youll: Office for National Statistics
Neil Parkin: Office for National Statistics
Chris Hunt: Office for National Statistics

Economic & Labour Market Review, 2007, vol. 1, issue 8, 24-28

Abstract: Sets out the results of recent work on the accuracy of IoP estimates, based on an analysis of sampling error.In recent times the key measure of quality used for the Index of Production (IoP) has been the revisions performance of key aggregates. This is published as a set of revisions triangles alongside the monthly IoP release on the National Statistics website. Additionally, the IoP homepage on the website has a link to a Summary Quality Report which describes other aspects of quality of the series, for example, their timeliness, punctuality and relevance. This article sets out the results of recent further work on another dimension of the quality of these series: the accuracy of the estimates, based on an analysis of their sampling error. Additionally the article introduces an approach to defining quality bands for each series, to allow users to compare the relative quality of different IoP components. Economic & Labour Market Review (2007) [1], 24–28; doi:10.1057/palgrave.elmr.1410121

Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.palgrave-journals.com/elmr/journal/v1/n8/pdf/1410121a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/elmr/journal/v1/n8/full/1410121a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:ecolmr:v:1:y:2007:i:8:p:24-28

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/41318

Access Statistics for this article

More articles in Economic & Labour Market Review from Palgrave Macmillan, Office for National Statistics
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().