Using New Forms of Information for Official Economic Statistics -- Examining the Commodity Flow Survey: Executive Summary from the 1rst Workshop in the Census-MIT Big Data Workshop Series

8 Pages Posted: 7 Oct 2015  

Micah Altman

Massachusetts Institute of Technology (MIT) Libraries; The Brookings Institution

Cavan Capps

Government of the United States of America - Bureau of the Census

Ronald C Prevost

Government of the United States of America - Bureau of the Census

Date Written: October 1, 2015

Abstract

Broad new sources of information have the potential to bring increased granularity, detail and timeliness to the next generation of official statistics -- while reducing survey burden.The next generation of official statistics will utilize broad sources of information, potentially linked together, to provide increasing granularity, detail, and timeliness, while reducing cost and burden.

Utilizing big data requires creating new relationships with businesses. Many of the primary sources of big data are businesses that use data intensively to guide decisions: Big data sources are also critical stakeholders. In order to obtain access to data from businesses that create and use it, it is critical to both provide a value proposition to the business and to develop a trust relationship.

Keywords: big data, economics, commodity flow

JEL Classification: N40, N72, h40

Suggested Citation

Altman, Micah and Capps, Cavan and Prevost, Ronald C, Using New Forms of Information for Official Economic Statistics -- Examining the Commodity Flow Survey: Executive Summary from the 1rst Workshop in the Census-MIT Big Data Workshop Series (October 1, 2015). Available at SSRN: https://ssrn.com/abstract=2670209 or http://dx.doi.org/10.2139/ssrn.2670209

Micah Altman (Contact Author)

Massachusetts Institute of Technology (MIT) Libraries ( email )

77 Massachusetts Avenue
50 Memorial Drive
Cambridge, MA 02139-4307
United States

HOME PAGE: http://informatics.mit.edu

The Brookings Institution ( email )

1775 Massachusetts Ave, NW
Washington, DC 20036
United States

HOME PAGE: http://informatics.mit.edu

Cavan Capps

Government of the United States of America - Bureau of the Census ( email )

4600 Silver Hill Road
Washington, DC 20233
United States

Ronald C Prevost

Government of the United States of America - Bureau of the Census ( email )

4600 Silver Hill Road
Washington, DC 20233
United States

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