It takes the average reader and 22 minutes to read Benford’s Law and Macroeconomic Data Quality by Mr.Jesus Gonzalez-Garcia
Assuming a reading speed of 250 words per minute. Learn more
This paper examines the usefulness of testing the conformity of macroeconomic data with Benford's law as indicator of data quality. Most of the macroeconomic data series tested conform with Benford's law. However, questions emerge on the reliability of such tests as indicators of data quality once conformity with Benford's law is contrasted with the data quality ratings included in the data module of the Reports on the Observance of Standards and Codes (data ROSCs). Furthermore, the analysis shows that rejection of Benford's law may be unrelated to the quality of statistics, and instead may result from marked structural shifts in the data series. Hence, nonconformity with Benford's law should not be interpreted as a reliable indication of poor quality in macroeconomic data.
Benford’s Law and Macroeconomic Data Quality by Mr.Jesus Gonzalez-Garcia is 22 pages long, and a total of 5,544 words.
This makes it 7% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 30 minutes to read Benford’s Law and Macroeconomic Data Quality aloud.
Benford’s Law and Macroeconomic Data Quality is suitable for students ages 8 and up.
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