Table 5 Basic input notation
Notation | Definition |
|---|---|
\(EC_{ijk}\) | Industry-specific retail sales from the 2012 Economic Census (EC) |
\(m_{ijk}\) | Number of merchants (FD) |
\(n_{ijk}\) | Number of establishments (CBP and NES) |
\(POP_{ijk}\) | Resident population (PEP) |
\(QE\_ACC_{ijk}\) | Quarterly earnings for those working in the accommodation and food sector (SPI) |
\(QE\_CON_{ijk}\) | Quarterly earnings for those working in the construction sector (SPI) |
\(QE\_RET_{ijk}\) | Quarterly earnings for those working in the retail trade sector (SPI) |
\(t_{ijk}^{raw}\) | Aggregate of spend (FD) |
\(t_{ijk}^{adj}\) | Adjusted aggregate of FD spend to account for FD merchant coverage \(= \left( {\frac{{n_{ijk} }}{{m_{ijk} }}} \right)t_{ijk}^{raw}\) |
\(\widehat{Y}^{MRTS}\) | National-level retail sales estimate (MRTS) |