Aggregate data
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Aggregate data
In statistics, aggregate data describes data combined from several measurements. When you aggregate data, you replace groups of observations with summary statistics based on those observations.[1]
In economics, aggregate data or data aggregates describes high-level data that is composed from a multitude or combination of other more individual data.
- in macroeconomics data such as the overall price level or overall inflation rate
- in microeconomics data of an entire sector of an economy composed of many firms, or of all households in a city or region.
See also
References
- ^ Aggregation and Restructuring of data (chapter 5.6 from the book "R in Action", Manning Publications)
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