Wedging

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Definition

Wedging. A statistical convention or technique used to narrow the difference between a Best Level and a published level by the gradual incorporation of the Best Change data over several time periods.

The technique is used in preparing the NIPA estimates for nonbenchmark years after incorporating the estimates from the latest benchmark I-O table. (See also “Best change” and “Best level.”)^[1]

References

↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009

[1] Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009

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