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Improving Information for Social Policy Decisions -- The Uses of Microsimulation Modeling Volume II, Technical Papers (1991) / Chapter Skim
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Pages 256-256

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From page 256...
... Data from the Current Population Survey, the Michigan Panel Study of Income Dynamics, and other data sets that are used to produce comparison values have several potential sources of error, including sampling error, undercoverage, unit and item nonresponse, and datedness. These errors must be considered when comparing these estimates with those from microsimulation models.
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Key Terms

  • comparison values
  • microsimulation models
  • simulation models
  • missing data
  • item nonresponse

  • microsimulation model
  • model validation
  • simulation model


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