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来源类型Working Paper
规范类型报告
DOI10.3386/w24855
来源IDWorking Paper 24855
Emptying the Tank: Getting the most out of Limited Data
M. Scott Taylor
发表日期2018-07-23
出版年2018
语种英语
摘要All empirical researchers know that having more sources of variation in a dataset is valuable. What is not known is how valuable, and if the marginal value of adding another source of variation diminishes or increases. This note provides explicit answers to these questions. It defines "valuable" as the number of independent questions the data can potentially answer, and provides a surprisingly simple and useful rule that tells the researcher not only when they have "emptied the tank" of their data's valuable implications, but also the marginal value of further data collection. An illustration using home heating costs is provided.
主题Other ; General, Teaching ; Environmental and Resource Economics ; Energy
URLhttps://www.nber.org/papers/w24855
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582529
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M. Scott Taylor. Emptying the Tank: Getting the most out of Limited Data. 2018.
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