Journal of Official Statistics, Vol.14, No.2, 1998. pp. 163179

Current Issue
Personal Reference Library (PRL)
Personal Page

Estimating the Sampling Variance of the UK Index of Production

One of the main economic indicators produced by United Kingdom's Office for National Statistics is the Index of Production. It is a monthly index of the total volume of industrial output obtained by combining estimates from a number of survey sources. The purpose of this article is to construct an estimator of the sampling variance of the Index of Production. This variance estimator is obtained by linear approximation methods. The parametric boot- strap is employed to assess the adequacy of approximation made when deriving the variance estimator. Some of the advantages of using the parametric bootstrap to estimate the variance are briefly described. Both estimators have the advantage that they do not require revision whenever the methodology of any of the surveys is changed.

Sampling error; nonsampling error; parametric bootstrap.

Copyright Statistics Sweden 1996-2018.  Open Access
ISSN 0282-423X
Created and Maintained by OKS Group