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040 _aEBLCP
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_dOCLCO
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019 _a1290021510
020 _a022680139X
020 _a9780226801391
_q(electronic bk.)
035 _a3104441
_b(N$T)
035 _a(OCoLC)1290485460
_z(OCoLC)1290021510
050 4 _aHB143
082 0 4 _a330.072/7
049 _aMAIN
100 1 _aAbraham, Katharine G.
245 1 0 _aBig Data for Twenty-First-Century Economic Statistics
_h[electronic resource].
260 _aChicago :
_bUniversity of Chicago Press,
_c2022.
300 _a1 online resource (502 p.).
490 1 _aNational Bureau of Economic Research Studies in Income and Wealth ;
_vv.79
500 _aDescription based upon print version of record.
505 0 0 _tFrontmatter --
_tContents --
_tPrefatory Note --
_tIntroduction: Big Data for Twenty- First- Century Economic Statistics: The Future Is Now --
_tI. Toward Comprehensive Use of Big Data in Economic Statistics --
_t1. Reengineering Key National Economic Indicators --
_t2. Big Data in the US Consumer Price Index --
_t3. Improving Retail Trade Data Products Using Alternative Data Sources --
_t4. From Transaction Data to Economic Statistics --
_t5. Improving the Accuracy of Economic Measurement with Multiple Data Sources --
_tII. Uses of Big Data for Classification --
_t6. Transforming Naturally Occurring Text Data into Economic Statistics --
_t7. Automating Response Evaluation for Franchising Questions on the 2017 Economic Census --
_t8. Using Public Data to Generate Industrial Classification Codes --
_tIII. Uses of Big Data for Sectoral Measurement --
_t9. Nowcasting the Local Economy --
_t10. Unit Values for Import and Export Price Indexes --
_t11. Quantifying Productivity Growth in the Delivery of Important Episodes of Care within the Medicare Program Using Insurance Claims and Administrative Data --
_t12. Valuing Housing Services in the Era of Big Data --
_tIV. Methodological Challenges and Advances --
_t13. Off to the Races --
_t14. A Machine Learning Analysis of Seasonal and Cyclical Sales in Weekly Scanner Data --
_t15. Estimating the Benefits of New Products --
_tContributors --
_tAuthor Index --
_tSubject Index
520 _aThe 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.
590 _aAdded to collection customer.56279.3
650 0 _aBig data.
650 0 _aEconomics
_xStatistical methods
_xData processing.
650 6 _aDonn�ees volumineuses.
650 6 _a�Economie politique
_xM�ethodes statistiques
_xInformatique.
650 7 _aBUSINESS & ECONOMICS / General.
_2bisacsh
655 4 _aElectronic books.
700 1 _aJarmin, Ron S.
700 1 _aMoyer, Brian C.
700 1 _aShapiro, Matthew D.
776 0 8 _iPrint version:
_aAbraham, Katharine G.
_tBig Data for Twenty-First-Century Economic Statistics
_dChicago : University of Chicago Press,c2022
_z9780226801254
830 0 _aStudies in income and wealth.
856 4 0 _3EBSCOhost
_uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=3104441
938 _aDe Gruyter
_bDEGR
_n9780226801391
938 _aProQuest Ebook Central
_bEBLB
_nEBL6827947
938 _aEBSCOhost
_bEBSC
_n3104441
994 _a92
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999 _c256437
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