Difference between revisions of "Aggregation"
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== Definition == | == Definition == | ||
| − | '''Aggregation''', in | + | '''Aggregation''', in [[Accounting]] context, is the addition of assets, liabilities, equity, income or expenses that have similar characteristics and are included in the same [[Classification]]. |
| − | In Input-Output | + | In [[Input-Output Model]] context, aggregation denotes the combination of detailed subgroups (of e.g. products, regions or sectors) to form a larger group. For example, detailed [[Item |I-O items]] are aggregated to I-O commodities, and detailed industries are aggregated to summary industries and sectors for publication.<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> |
== References == | == References == | ||
Latest revision as of 15:04, 16 November 2023
Definition
Aggregation, in Accounting context, is the addition of assets, liabilities, equity, income or expenses that have similar characteristics and are included in the same Classification.
In Input-Output Model context, aggregation denotes the combination of detailed subgroups (of e.g. products, regions or sectors) to form a larger group. For example, detailed I-O items are aggregated to I-O commodities, and detailed industries are aggregated to summary industries and sectors for publication.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
