Subjective Versus Objective Economic Measures, A fuzzy logic exercise

Detalhes bibliográficos
Autor(a) principal: Caleiro, António
Data de Publicação: 2003
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10174/8397
Resumo: It is rather evident that there is much more (statistical) information about objective aggregates, such as inflation, output or unemployment than that concerning subjective aggregates, such as well-being, satisfaction, confidence or even expectations. Due to its characteristics, fuzzy logic can and should indeed be used to understand how some of those subjective measures can be approximated by objective ones. This task is accomplished in the paper by the use of Portuguese data on consumer confidence - the subjective economic measure - and on the unemployment rate - the objective economic measure -. The results clearly indicate that to be a worthwhile exercise as the clear importance of unemployment on confidence is only revealed by the fuzzy logic approximation.
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spelling Subjective Versus Objective Economic Measures, A fuzzy logic exerciseConfidenceFuzzy LogicObjective MeasuresSubjective MeasuresIt is rather evident that there is much more (statistical) information about objective aggregates, such as inflation, output or unemployment than that concerning subjective aggregates, such as well-being, satisfaction, confidence or even expectations. Due to its characteristics, fuzzy logic can and should indeed be used to understand how some of those subjective measures can be approximated by objective ones. This task is accomplished in the paper by the use of Portuguese data on consumer confidence - the subjective economic measure - and on the unemployment rate - the objective economic measure -. The results clearly indicate that to be a worthwhile exercise as the clear importance of unemployment on confidence is only revealed by the fuzzy logic approximation.2013-04-03T11:28:51Z2013-04-032003-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10174/8397http://hdl.handle.net/10174/8397engCaleiro, A. (2003), Subjective Versus Objective Economic Measures, A fuzzy logic exercise, Documento de Trabalho nº 2003/11, Universidade de Évora, Departamento de Economia.14caleiro@uevora.ptC10, C82, E3211_2003Department of Economics, University of ÉvoraCaleiro, Antónioinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-01-03T18:49:20Zoai:dspace.uevora.pt:10174/8397Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:02:39.583729Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Subjective Versus Objective Economic Measures, A fuzzy logic exercise
title Subjective Versus Objective Economic Measures, A fuzzy logic exercise
spellingShingle Subjective Versus Objective Economic Measures, A fuzzy logic exercise
Caleiro, António
Confidence
Fuzzy Logic
Objective Measures
Subjective Measures
title_short Subjective Versus Objective Economic Measures, A fuzzy logic exercise
title_full Subjective Versus Objective Economic Measures, A fuzzy logic exercise
title_fullStr Subjective Versus Objective Economic Measures, A fuzzy logic exercise
title_full_unstemmed Subjective Versus Objective Economic Measures, A fuzzy logic exercise
title_sort Subjective Versus Objective Economic Measures, A fuzzy logic exercise
author Caleiro, António
author_facet Caleiro, António
author_role author
dc.contributor.author.fl_str_mv Caleiro, António
dc.subject.por.fl_str_mv Confidence
Fuzzy Logic
Objective Measures
Subjective Measures
topic Confidence
Fuzzy Logic
Objective Measures
Subjective Measures
description It is rather evident that there is much more (statistical) information about objective aggregates, such as inflation, output or unemployment than that concerning subjective aggregates, such as well-being, satisfaction, confidence or even expectations. Due to its characteristics, fuzzy logic can and should indeed be used to understand how some of those subjective measures can be approximated by objective ones. This task is accomplished in the paper by the use of Portuguese data on consumer confidence - the subjective economic measure - and on the unemployment rate - the objective economic measure -. The results clearly indicate that to be a worthwhile exercise as the clear importance of unemployment on confidence is only revealed by the fuzzy logic approximation.
publishDate 2003
dc.date.none.fl_str_mv 2003-01-01T00:00:00Z
2013-04-03T11:28:51Z
2013-04-03
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10174/8397
http://hdl.handle.net/10174/8397
url http://hdl.handle.net/10174/8397
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Caleiro, A. (2003), Subjective Versus Objective Economic Measures, A fuzzy logic exercise, Documento de Trabalho nº 2003/11, Universidade de Évora, Departamento de Economia.
14
caleiro@uevora.pt
C10, C82, E32
11_2003
Department of Economics, University of Évora
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