Drafting for the final article
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Health facilities use this type of aggregated statistics to generate reports and indicators, and to undertake strategic planning in their health systems.
See also: Weaknesses of aggregated data
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editDescription: According to the dictionary of economics, aggregate data means...
Major users
editResearchers and analysts
editPolicymakers
editAdministrators
editActivity 5.4.1 - for peer review
editPracticing citations
editThere are some major reasons why researchers and analysts tend to use aggregate data in comparative political analysis, including its higher availability than other types of data and the fact that significant data related to the studies are often expressed in per capita terms rather than in individual terms.[1]
One significant nature of aggregate data is that it can relate to multiple situations and areas and provide crucial insights into social issues.[2]
There is potential for aggregate data to produce delusive inferences about individual units which are eminent for findings in literature.[3] This is due to the fact that during the process of averaging units within some cluster, information is lost which therefore, increases the probability of drawing inaccurate inferences.[3]
Another type of aggregate data called financial aggregates are data about credit and the money supply in Australia.[4]
Banks such as the ANZ and the Commonwealth Bank in Australia collect aggregated data from a significant number of customers and use those data to estimate economic trends.[5]
Answers to Module 7 Questions
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This media is created by drawing and then scanning to make a digital copy. This image depicts the basic meaning of aggregate data, which is a combination of individual data. It is my own work as I drew it by myself from scratch. The file format is an image, a JPG, and I have chosen a public domain license. I will add it into the 'Data Structure Diagrams' category as I found this category quite linkable. I will describe the file as Aggregate Data Diagram.
References
edit- ^ Retzlaff, Ralph, H. (1965). "The Use of Aggregate Data in Comparative Political Analysis". The Journal of Politics. 27: 797–817 – via JSTOR.
{{cite journal}}: CS1 maint: multiple names: authors list (link) - ^ Shukla, K. S. (1982). "ANALYSIS OF AGGREGATE DATA". Journal of the Indian Law Institute. 24: 756–762 – via JSTOR.
- ^ a b Holderness, Clifford G. (2016-05-12). "Problems Using Aggregate Data to Infer Individual Behavior: Evidence from Law, Finance, and Ownership Concentration". Critical Finance Review. 5 (1): 1–40. doi:10.1561/104.00000028.
- ^ Bank, J., Durrani, K., Hatzvi, E. (2019). "Updates to Australia's financial aggregates". Reserve Bank of Australia.
{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: url-status (link) - ^ "Banks have lots of information about you — and they don't keep it all to themselves - ABC Life". www.abc.net.au. 2019-03-21. Retrieved 2020-09-19.
