Download This PaperQuantification of Qualitative Data Using Ordered Probit Models with an Application to a Business Survey in the German Service Sector
20 Pages Posted: 20 May 2003
Date Written: November 2000
Abstract
This paper aims at providing business survey analysts with simple econometric tools to quantify qualitative survey data. We extend the traditional and commonly applied method proposed by Carlson and Parkin (1975) to capture observable survey respondent heterogeneity. We also discuss specification tests. The empirical analysis is based on business survey data taken from the ZEW's 'Service Sector Business Survey', a quarterly business survey in the German business-related service sector carried out since 1994.
Keywords: quantification technique, ordered probit, specification tests
JEL Classification: C25, L8
Suggested Citation: Suggested Citation
Kaiser, Ulrich and Spitz, Alexandra, Quantification of Qualitative Data Using Ordered Probit Models with an Application to a Business Survey in the German Service Sector (November 2000). ZEW Discussion Paper No. 00-58, Available at SSRN: https://ssrn.com/abstract=379384 or http://dx.doi.org/10.2139/ssrn.379384
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