New Proposals for the Quantification of Qualitative Survey Data

26 Pages Posted: 7 Mar 2007

See all articles by Tommaso Proietti

Tommaso Proietti

University of Rome II - Department of Economics and Finance

Cecilia Frale

Government of the Italian Republic (Italy) - Department of the Treasury

Date Written: March 2007

Abstract

In this paper we deal with several issues related to the quantification of business surveys. In particular, we propose and compare new ways of scoring the ordinal responses concerning the qualitative assessment of the state of the economy, such as the spectral envelope and cumulative logit unobserved components models, and investigate the nature of seasonality in the series. We conclude with an evaluation of the type of business cycle fluctuations that is captured by the qualitative surveys.

Keywords: Spectral envelope, Seasonality, Deviation cycles, Cumulative Logit

Suggested Citation

Proietti, Tommaso and Frale, Cecilia, New Proposals for the Quantification of Qualitative Survey Data (March 2007). CEIS Working Paper No. 102. Available at SSRN: https://ssrn.com/abstract=967411 or http://dx.doi.org/10.2139/ssrn.967411

Tommaso Proietti (Contact Author)

University of Rome II - Department of Economics and Finance ( email )

Via Columbia, 2
Rome, 00133
Italy

Cecilia Frale

Government of the Italian Republic (Italy) - Department of the Treasury ( email )

Via XX Settembre, 87
Rome, 00197
Italy

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