Advances and Applications in Statistics
Volume 54, Issue 1, Pages 99 - 136
(January 2019) http://dx.doi.org/10.17654/AS054010099 |
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LEVERAGING BIG DATA FOR OFFICIAL STATISTICS: SOME RECENT DEVELOPMENTS
Syed Wasim Abbas, Munir Ahmad and Sajid Rasul
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Abstract: Official statistics is the main source to track economic, demographic, social and socio-economic conditions in any country/region. Policies are developed, implemented and monitored on the ground of these statistics. National Statistical Organizations (NSO’s) require accurate, timely and faster data using minimal resources. Rising hype of Big Data technologies brought revolutionary opportunities and measurement challenges for these NSO’s. Big Data has the potential to improve accuracy, timeliness and reduce costs for the official statistics. In this paper, we have reviewed some recent developments which use Big Data for the official statistics by different statistical organizations around the world as well as in the case of South Asian countries. Methodological approaches and statistical tools used to crunch Big Data sources are reviewed. Finally, the current and the future potentials for the Indian subcontinent are discussed. |
Keywords and phrases: big data, official statistics, statistical tools, big data methodologies, national statistical organizations.
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