Minimizing Response Errors in Financial Data: the Possibilities
- 1 March 1968
- journal article
- research article
- Published by Taylor & Francis in Journal of the American Statistical Association
- Vol. 63 (321) , 214-227
- https://doi.org/10.1080/01621459.1968.11009236
Abstract
By measuring response errors in reports of savings account and debt balances under near-ideal (and very special) conditions, this article shows what is the maximum degree of accuracy we may expect to attain in sample surveys of a financial character. Under the conditions of this study none of the response errors observed were sufficiently serious to invalidate the data for any likely statistical use. The article investigates the influence on response errors of the following factors: record consultation, “rounding,” size of balances, the number and nature of transactions in the account balance, the length of the recall period.Keywords
This publication has 4 references indexed in Scilit:
- The Reliability of Consumer Surveys of Financial Holdings: Demand DepositsJournal of the American Statistical Association, 1966
- The Effect of Mismatching on the Measurement of Response ErrorJournal of the American Statistical Association, 1965
- The Reliability of Consumer Surveys of Financial Holdings: Time DepositsJournal of the American Statistical Association, 1965
- Theory of the Consumption FunctionPublished by Walter de Gruyter GmbH ,1957