Data Adjustment
Why do data need to be adjusted?
- For consistency across units
- For consistency in currency
- Revenues in dollars, pounds sterling and yen mean different things at different times
- Need to have non-volitile comparisons
- For differences in management, operational and legal structures of a company
- All activities under a "vice president"
- Consistent definitions of independence
- For differences in the source data
- Identification of product
- To provide additional dimensions of data (such as vertical markets, television advertising regions or demographic characteristics).
- Identify all independent warehouses
- Identify all activities with production, marketing and sales of Widgets
- Timing: You want to know when data are updated for consistency
- Identify end of month measures regardless of when data are entered
- History: You want to include variables that define "time" for analysis
- Associate a date for each decision
- Summaries: Often summary data are included for quick analysis
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