Normalize Events - Bug?

Comments

6 comments

  • Avatar
    DougO
    It depends - When you import an industry spending pattern, you get the coefficients of spending on goods and services per each dollar of revenue/sales. In your case: .34. Therefore, for that industry 66 cents of each dollar (1-.34) went to value added -ie, payroll, taxes and profits. If you are plugging in non-payroll spending as the activity level, then you want the sum to be $1 (normalized). If you are plugging in gross output as the activity level, then you want the sum to be $.34. Also, you will need to run the payroll separately to get the impact of the payroll in either case.
    0
    Comment actions Permalink
  • Avatar
    orkneyroad
    That's what I thought. When I import Industry A spending pattern as Activity A, and normalize events, the sum of the coefficients is changed to 1.0. Then I import Industy B spending pattern as Activity B, again the sum of coefficients is changed to 1.0. But when I go back and review Activity A, the sum of the coefficients is no longer 1.0. It has changed, not to the original sum, but some other number.
    0
    Comment actions Permalink
  • Avatar
    DougO
    I'm able to replicate the problem, I'll have Scott take a look. Thanks for bringing it to my attention.
    0
    Comment actions Permalink
  • Avatar
    orkneyroad
    As I am double checking the numbers in other activities, I think that the event values in other commodity and industy change activities were also changed by the Normalize command.
    0
    Comment actions Permalink
  • Avatar
    DougO
    I checked that, it only seems to affect common activity types - ie, the "Industry spending pattern" (my "industry change" activity type was unaffected). Scott has found the bug and it will be corrected in the next update.
    0
    Comment actions Permalink
  • Avatar
    orkneyroad
    I found problems with event values in "Labor Income Change" activities, "Commodity Change" activities and "Household Income Change" activities.
    0
    Comment actions Permalink

Please sign in to leave a comment.