Go to Statistics Portal

DATA RECONCILIATION

Statistics Directorate    
Definition:
Frequently used as a synonym for Data confrontation. In the more active sense, the term implies the process of adjusting data derived from two different sources to remove or at least reduce the impact of differences identified in the process of data confrontation.

Context:
Editing and reconciliation may involve fixing errors or adopting alternative sources and methods that are aimed at improving the process of reviewing or understanding data.
(International Monetary Fund (IMF)," Quarterly National Accounts Manual", Washington D.C., 2001, available at:http://www.imf.org/external/pubs/ft/qna/2000/textbook)

Under
the SDDS, this may entail, according to the data category under consideration, the reconciliation of stocks and transactions data; reconciliation of reported data with money and banking statistics, custodian data; differences with partner data or preshipment inspection data; the treatment of differences between GDP compiled for the production approach and GDP compiled from the expenditure approach. It is a special kind of editing done after initial compilation.

Source Publication:
Statistical Data and Metadata Exchange (SDMX) - BIS, ECB, Eurostat, IBRD, IMF, OECD and UNSD - Metadata Common Vocabulary + information-management.com.

Cross References:
Compilation practices
Data checking
Data confrontation
Special Data Dissemination Standard (SDDS)

Hyperlink:
http://www.information-management.com/news/1016588-1.html

Statistical Theme: Methodological information (metadata)

Glossary Output Segments:
SDMX

Created on Thursday, January 29, 2004

Last updated on Friday, June 14, 2013