Wedging
From Open Risk Manual
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
