In statistics, benchmarking is a method of using auxiliary information to adjust the sampling weights used in an estimation process, in order to yield more accurate estimates of totals. Suppose we have a population where each unit k {\displaystyle k} has a "value" Y ( k ) {\displaystyle Y(k)} associated with it.
In statistics, benchmarking is a method of using auxiliary information to adjust the sampling weights used in an estimation process, in order to yield more accurate estimates of totals. Suppose we have a population where each unit k {\displaystyle k} has a "value" Y ( k ) {\displaystyle Y(k)} associated with it.
Source: Wikipedia "Statistical benchmarking" · CC BY-SA 4.0
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