Transcript What is Our Goal for Pricing Methods and Turnover Detail?

23rd Voorburg Group Meeting
Aguascalientes, Mexico
Discussion of Methodology for Determining Costs
Associated with Different Choices of
Pricing Methods and Turnover Detail
presented by
Mark E. Wallace
Chief, Service Sector Statistics Division
U.S. Census Bureau
[email protected]
September 22 - 26, 2008
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What is Our Goal for Pricing
Methods and Turnover Detail?
For Each Country and Industry/Industry Group:
• Make the Best Choices, given the Prevailing
Circumstances
• What do we mean by “Best Choices”?
• What do we mean by “Prevailing Circumstances”?
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“Best Choices” and “Prevailing Circumstances”
Boil Down to a Cost/Benefit Analysis of Industry
Coverage and Data Quality
• Costs of Industry Coverage and Data Quality – What is the
True Cost of Survey Collection?
• Benefits of Industry Coverage and Data Quality
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National Accounts Requirements
Regulatory Requirements
Policy Requirements
Business Requirements
International Standards
• Can there be a Framework for Determining the CostEffectiveness of Various Choices?
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Questions
1.
How can we quantify the benefits of covering an
industry/industry group?
Perhaps industry turnover as a percent of GDP?
2.
What is the true cost of a survey collection?
Should it include all supporting infrastructure?
What about the burden and cost experienced by
respondents?
3.
How can we measure the quality of prices and
turnover data?
Is the PPI Quality Assessment Framework proposed by Irwin
Gerduk at a previous meeting a useful tool? (We plan to
include the paper describing and illustrating this tool on the
VG website.)
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Questions (continued)
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Can we refine/improve upon the framework for
assessing “best,” “good,” and “minimal”
categories? If so, can VG members have the
improved framework by the end of 2008?
Do we need to devote future sessions to these
topics?
How can the Voorburg Group body of knowledge
best be of assistance?
Do you have comments on the updated
website? Would development of a manual be
useful?
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VG 2009 Task Force 4
Answer the questions
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In 5 weeks’ time, send to the Voorburg Bureau draft
answers to the questions posed.
The Voorburg Bureau reviews and approves the answers
and sends the resulting answers to the Voorburg Group
member countries by the end of 2008
Authors of VG 2009 presentations should use the answers
provided as input to their papers and presentations
Jean-Pierre Simard, Statistics Canada
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