Statistical benchmarking
id:
statistical-benchmarking-296-5642346
title:
Statistical benchmarking
text:
In statistics, benchmarking is a method of using auxiliary information to adjust the sampling weights used in an estimation process, in order to yield more accurate estimates of totals. Suppose we have a population where each unit k has a "value" Y ( k ) associated with it. For example, Y ( k ) could be a wage of an employee k , or the cost of an item k . Suppose we want to estimate the sum Y of all the Y ( k ) . So we take a sample of the k , get a sampling weight W(k) for all sampled k , and t
brand slug:
wiki
category slug:
encyclopedia
description:
Method of using auxiliary information for better results
original url:
https://en.wikipedia.org/wiki/Statistical_benchmarking
date created:
date modified:
2024-02-09T01:40:07Z
main entity:
{"identifier":"Q7604382","url":"https://www.wikidata.org/entity/Q7604382"}
image:
fields total:
13
integrity:
14