uncertainty, quantification, qualitative survey data, disagreement, dispersion, investment

Publication date: 19 Dec 2005 | Publication type: NIESR Discussion Paper | Authors: Mitchell, J, Weale, M | JEL classification: C8; C42; D8 | NIESR discussion paper number: 266
This paper generalizes the probability method of quantification [Carlson and Parkin, Economica, 1975] to the variance facilitating the quantification of business survey data which ask individuals whether or not they are uncertain. In an application to UK manufacturing traditional time-series and...