Information Content of DQAF Indicators: Empirical Entropy Analysis
Electronic Access:
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Summary:
The study presents an analysis of the information content of IMF’s Data Quality Assessment Framework (DQAF) indicators. There are significant differences in the quantity of information between DQAF dimensions and sub-dimensions. The most informative DQAF dimension is accessibility, followed by the prerequisites of quality and accuracy and reliability. The least informative DQAF dimensions are serviceability and assurances of integrity. The implication of these findings is that the current DQAF indicators do not maximize the amount of information that could be obtained during data ROSC missions. An additional set of assessments that would refine the existing DQAF indicators would be beneficial in maximizing the information gathered during data ROSC mission. The entropy of DQAF indicators could also be used in the construction of a cardinal index of data quality.
Series:
Working Paper No. 2010/204
Subject:
Consumer price indexes Data Quality Assessment Framework (DQAF) Financial statistics Government finance statistics Monetary statistics
English
Publication Date:
September 1, 2010
ISBN/ISSN:
9781455205356/1018-5941
Stock No:
WPIEA2010204
Pages:
25
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