Regarding the Beige Book research, it is fascinating to see the predictive power derived from qualitative data. Did the study also examine potential biases in how that anecdotal information is initialy collected or reported?
No, I did not see that reviewed in the study. I assume that it would be hard to quantify the methods for anecdotal information, as each regional bank has a different process.
I guess that may be one of the drivers of the informational value, however.
Regarding the Beige Book research, it is fascinating to see the predictive power derived from qualitative data. Did the study also examine potential biases in how that anecdotal information is initialy collected or reported?
No, I did not see that reviewed in the study. I assume that it would be hard to quantify the methods for anecdotal information, as each regional bank has a different process.
I guess that may be one of the drivers of the informational value, however.
Interesting studies 👍🏻