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The Quantification of Qualitative Survey Data: A Critical Assessment

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  • Michela Nardo

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.

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  • Michela Nardo, 2003. "The Quantification of Qualitative Survey Data: A Critical Assessment," Journal of Economic Surveys, Wiley Blackwell, vol. 17(5), pages 645-668, December.
    • Handle: RePEc:bla:jecsur:v:17:y:2003:i:5:p:645-668
    DOI: 10.1046/j.1467-6419.2003.00208.x
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