Data Estimation and Interpretation: An Analysis.

Meyer, Thomas K. (2008): Data Estimation and Interpretation: An Analysis.

Abstract

There is an ostensible relationship between whether or not a nation is developed and the interpretation and collection of data in this nation. For instance, if a country is developing, it is difficult to collect figures, though much simpler to interpret them. The opposite is the case in a developed nation: the gathering of data is undemanding, however, the explanation for this data is difficult. Such a relationship has a quite pressing effect on economic performance, and this will be examined using a model assuming Rational Expectations, Adaptive Expectations and certain postulates of Price Theory.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic Data; Price Theory; Rational Expectations; Adaptive Expectations
• Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D80 - General; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C80 - General

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