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Social and Behavioral Sciences Commons

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Income Distribution

Singapore Management University

Research Collection School Of Economics

2020

Prediction

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Full-Text Articles in Social and Behavioral Sciences

Is Predicted Data A Viable Alternative To Real Data?, Tomoki Fujii, Roy Van Der Weide Jun 2020

Is Predicted Data A Viable Alternative To Real Data?, Tomoki Fujii, Roy Van Der Weide

Research Collection School Of Economics

It is costly to collect the household- and individual-level data that underlies official estimates of poverty and health. For this reason, developing countries often do not have the budget to update their estimates of poverty and health regularly, even though these estimates are most needed there. One way to reduce the financial burden is to substitute some of the real data with predicted data. An approach referred to as double sampling collects the expensive outcome variable for a sub-sample only while collecting the covariates used for prediction for the full sample. The objective of this study is to determine if …