Does anyone come across the raw data for the SW bayesian estimation? on the attached, I don’t understand what will be the significance of the number 187 on the formula for the index in column J.
sw_data.xlsx (143.0 KB)
Does anyone come across the raw data for the SW bayesian estimation? on the attached, I don’t understand what will be the significance of the number 187 on the formula for the index in column J.
sw_data.xlsx (143.0 KB)
It’s a normalization. They transform the population level into an index, where the base period is the one in row 187 (1992Q2).