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A Quality Assessment Framework for Maintaining & Publishing New Indicators

Author

Listed:
  • George Kapetanios
  • Fotis Papailias

Abstract

This technical report builds on the research output of “National Accounts and Beyond GDP: Predictive Performance of Real-Time Indicators” ESCoE/ONS collaborative project to summarise the key findings and provide a standardised methodology to guide the editing, maintenance, publishing and potential incorporation of new real-time indicators into the development of early estimates of headline economic statistics. Empirical results from previous tasks are revisited and standardised qualitative and quantitative criteria are discussed.

Suggested Citation

  • George Kapetanios & Fotis Papailias, 2022. "A Quality Assessment Framework for Maintaining & Publishing New Indicators," Economic Statistics Centre of Excellence (ESCoE) Technical Reports ESCOE-TR-18, Economic Statistics Centre of Excellence (ESCoE).
    • Handle: RePEc:nsr:escoet:escoe-tr-18
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    File URL: https://escoe-website.s3.amazonaws.com/wp-content/uploads/2022/05/13123802/ESCoE-TR-18.pdf
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    References listed on IDEAS

    as
    1. George Kapetanios & Fotis Papailias, 2022. "An Evaluation Framework for Targeted Indicators Aggregates vs. Disaggregates," Economic Statistics Centre of Excellence (ESCoE) Technical Reports ESCOE-TR-17, Economic Statistics Centre of Excellence (ESCoE).
    2. George Kapetanios & Fotis Papailias, 2021. "UK Economic Conditions during the Pandemic: Assessing the Economy using ONS Faster Indicators," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2021-10, Economic Statistics Centre of Excellence (ESCoE).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    machine learning; nowcasting; real-time indicators;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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