Latent Class Analysis for Reliable Measure of Inflation Expectation in the Indian Public.
Journal Title: European Journal of Economic and Business - Year 2016, Vol 1, Issue 1
Abstract
The main aim of this article is to inspect the properties of survey based on household inflation expectations, conducted by Reserve Bank of India (RBI). It is theorised that the respondent’s answers are exaggerated by extreme response bias. Latent class analysis has been hailed as a promising technique for studying measurement errors in surveys, because the model produces estimates of the error rates associated with a given question of the questionnaire. I have identified a model with optimum performance and hence categorize the objective as well as reliable classifiers or otherwise.
Authors and Affiliations
Sunil Kumar
Keywords
Related Articles
- EP ID EP194072
- DOI -
- Views 131
- Downloads 0
Exploring the Factors that affect Retention of Medical Doctors: A Case Study of Jane Furse Hospital, Limpopo Province, South Africa.
One of the fundamental problems facing the South African public healthcare sector is motivation and retention of the healthcare practitioners. Medical doctors in particular, tend to leave the public sector for the privat...
Latent Class Analysis for Reliable Measure of Inflation Expectation in the Indian Public.
The main aim of this article is to inspect the properties of survey based on household inflation expectations, conducted by Reserve Bank of India (RBI). It is theorised that the respondent’s answers are exaggerated by ex...
Cashless Policy and Financial Development in Nigeria
This research systematically assesses the existent relationship between cashless policy and financial development in Nigeria, utilising post consolidated secondary data over a period from 2006 to 2014. It also employed t...
Structural Factors and Budget Deficits in Nigeria
From records, many studies on public finance emphasis the problems of the Nigerian economy with focus on the revenue side of the budget scrutinizing various ways of/ and means to improve on receipts. This paper has attem...
A Metal Manufacturing Mill Uses Discrete-Event Simulation to Optimise Operations
Simulation modeling is an important technique from mathematics and engineering for planning, implementing, and operating complex technical systems. We modeled the manufacturing operations of a local metal mill company to...