Australian Bureau of Statistics
5342.0 - Balance of Payments Statistics, Information Paper on Quality , 1996
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 20/02/1996
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1.11. In considering the quality of balance of payments statistics, it is useful to make a clear distinction between the concepts of accuracy and reliability.
1.14. In practice accuracy and reliability tend to be interwoven and reinforcing. Ideally, as the estimate for a particular period passes through a sequence of revisions, the size of revisions gets smaller (the statistic becomes more reliable) and the estimate moves closer to the true value (the statistic becomes more accurate). In balance of payments statistics this is generally the case, but not always.
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