Big Data is relevant to the production, relevance and reliability of key official statistics such as GDP and inflation.
Michael Horrigan, the head of the Bureau of Labor Statistics (BLS) Office of Prices and Living Conditions, provides a definition that helps clarify where the border lies between Big Data and traditional data. Big Data are non-sampled data that are characterized by the creation of databases from electronic sources whose primary purpose is something other than statistical inference.
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