This document presents recommendations developed by the task-force on statistical measures for interpreting the outputs of revisions analyses for economic variables published on a monthly or quarterly frequency. The key issues this document attempts to address in regards to the various summary statistics that can be calculated when performing a revisions analysis are:
• What question about revisions to the economic variable does the summary statistic answer?
• What type of user does the summary statistic target?
The recommended statistical measures have been built into the pre-programmed software for performing revisions analysis also developed by the task-force.