Aggregation Bias

From Open Risk Manual

Definition

Aggregation Bias in the context constructing an Input-Output Model via an Aggregation Matrix is defined as the difference between the vector of Total Output in an aggregated system and the vector obtained by aggregating the total outputs in the original unaggregated system.[1]

References

  1. R.E. Miller and P.D. Blair, Input-Output Analysis: Foundations and Extensions, Second Edition, Cambridge University Press, 2009