Recent Developments in Federal Statistics
Julius Shiskin
Abstract
Julius Shiskin
Abstract
There has been growing recognition of the need for better statistical information on which to base decisions required to conduct modern Government and business activities. The increasing magnitude and complexity of Government and of society clearly require more accurate, more prompt and more relevant data for economic and social policy formulation, for Government program guidance and for internal Government management. About two and one-half years ago a vigorous effort to develop a statistical program suited to the needs of the times was initiated. This article reports on the shape this program has taken and the progress to date. The focus is upon broad directions of the Federal statistical program. Activities of the operating statistical agencies, which in many ways parallel and reflect the actions described here, are left for discussion elsewhere. The broad approach has been to increase the overall budget for statistics and to improve the organization of Federal statistical activities. The added funds in combination with an improved organization are intended to facilitate many specific improvements already underway or contemplated.
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There has been growing recognition of the need for better statistical information on which to base decisions required to conduct modern Government and business activities. The increasing magnitude and complexity of Government and of society clearly require more accurate, more prompt and more relevant data for economic and social policy formulation, for Government program guidance and for internal Government management. About two and one-half years ago a vigorous effort to develop a statistical program suited to the needs of the times was initiated. This article reports on the shape this program has taken and the progress to date. The focus is upon broad directions of the Federal statistical program. Activities of the operating statistical agencies, which in many ways parallel and reflect the actions described here, are left for discussion elsewhere. The broad approach has been to increase the overall budget for statistics and to improve the organization of Federal statistical activities. The added funds in combination with an improved organization are intended to facilitate many specific improvements already underway or contemplated.
Key concepts: Statistics, Summary statistics, Econometrics, Mathematics