Quantification of Ordinal Surveys and Rational Testing: An Application to the Colombian Monthly Survey of Economic Expectations
Fuente:
Redalyc
Enregistré dans:
| Auteur principal: | |
|---|---|
| Format: | Artículo científico |
| Langue: | en |
| Publié: |
Universidad Nacional de Colombia
2012
|
| Sujets: | |
| Accès en ligne: | |
| Tags: |
Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!
|
| _version_ | 1876449711848685568 |
|---|---|
| author | Héctor Manuel Zárate |
| author_facet | Héctor Manuel Zárate |
| contents | Quantification of Ordinal Surveys and Rational Testing: An Application to the Colombian Monthly Survey of Economic Expectations Héctor Manuel Zárate Katherine Sánchez Margarita Marín Física, Astronomía y Matemáticas Survey Quantification Rational Expectations Expectations and perceptions obtained in surveys play an important rolein designing the monetary policy. In this paper we construct continuousvariables from the qualitative responses of the Colombian Economic Expectation Survey (EES). This survey examines the perceptions and expectations on different economic variables. We use the methods of quanti¿cation known as balance statistics, the Carlson-Parkin method, and a proposal developed by the Analysis Quantitative Regional (AQR) group of the University of Barcelona. Then, we later prove the predictive ability of these methods and reveal that the best method to use is the AQR. Once the quanti¿cation is made, we con¿rm the rationality of the expectations by testing four key hypotheses: unbiasedness, no autocorrelation, effciency and orthogonality. 2012 artículo científico 0120-1751 https://www.redalyc.org/articulo.oa?id=89923145007 en http://www.redalyc.org/revista.oa?id=899 Revista Colombiana de Estadística application/pdf Universidad Nacional de Colombia Revista Colombiana de Estadística (Colombia) Num.1 Vol.35 |
| format | Artículo científico |
| id | redalyc_89923145007 |
| institution | Redalyc |
| language | en |
| publishDate | 2012 |
| publisher | Universidad Nacional de Colombia |
| spellingShingle | Quantification of Ordinal Surveys and Rational Testing: An Application to the Colombian Monthly Survey of Economic Expectations Héctor Manuel Zárate Física, Astronomía y Matemáticas Survey Quantification Rational Expectations Quantification of Ordinal Surveys and Rational Testing: An Application to the Colombian Monthly Survey of Economic Expectations Héctor Manuel Zárate Katherine Sánchez Margarita Marín Física, Astronomía y Matemáticas Survey Quantification Rational Expectations Expectations and perceptions obtained in surveys play an important rolein designing the monetary policy. In this paper we construct continuousvariables from the qualitative responses of the Colombian Economic Expectation Survey (EES). This survey examines the perceptions and expectations on different economic variables. We use the methods of quanti¿cation known as balance statistics, the Carlson-Parkin method, and a proposal developed by the Analysis Quantitative Regional (AQR) group of the University of Barcelona. Then, we later prove the predictive ability of these methods and reveal that the best method to use is the AQR. Once the quanti¿cation is made, we con¿rm the rationality of the expectations by testing four key hypotheses: unbiasedness, no autocorrelation, effciency and orthogonality. 2012 artículo científico 0120-1751 https://www.redalyc.org/articulo.oa?id=89923145007 en http://www.redalyc.org/revista.oa?id=899 Revista Colombiana de Estadística application/pdf Universidad Nacional de Colombia Revista Colombiana de Estadística (Colombia) Num.1 Vol.35 |
| title | Quantification of Ordinal Surveys and Rational Testing: An Application to the Colombian Monthly Survey of Economic Expectations |
| topic | Física, Astronomía y Matemáticas Survey Quantification Rational Expectations |
| url | https://www.redalyc.org/articulo.oa?id=89923145007 |