Table 1 Overall, between, and within variation of selected variables
From: Great expectations? evidence from Colombia’s exchange rate survey
Variable | Mean | St. dev | Min | Max | Observations | |
|---|---|---|---|---|---|---|
1-Month forecasts | Overall | 2140 | 319 | 1600 | 2982 | N = 4100 |
Between | 267 | 1756 | 2878 | n = 90 | ||
Within | 274 | 1593 | 3047 | T = 45.6 | ||
1-Year forecasts | Overall | 2255 | 389 | 1150 | 3425 | N = 3478 |
Between | 318 | 1761 | 3063 | n = 90 | ||
Within | 329 | 1144 | 3398 | T = 38.6 | ||
Attrition dummy | Overall | 0.57 | 0.49 | 0 | 1 | N = 9630 |
Between | 0.30 | 0.02 | 0.98 | n = 90 | ||
Within | 0.39 | −0.41 | 1.56 | T = 107 | ||
1-Month forecast errors | Overall | −0.27 % | 3.71 % | −17.1 % | 16.8 % | N = 4063 |
Between | 0.86 % | −3.05 % | 1.64 % | n = 90 | ||
Within | 3.67 % | −16.1 % | 17.4 % | T = 45.1 | ||
1-Year forecast errors | Overall | 9.06 % | 12.6 % | −79.9 % | 42.3 % | N = 3090 |
Between | 6.27 % | −15.4 % | 25.3 % | n = 89 | ||
Within | 12.0 % | −80.4 % | 41.1 % | T = 34.7 |