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• Objective 1
The Quarterly Business Indicator Survey (QBIS) aims to estimate private sector
sales, wages, profits, and inventories. To achieve this, the ABS surveys a sample
of businesses and assigns weights to each reported business’ response to reach
estimates of the total population values. The key data items that QBIS publishes
exhibit strong correlations with Business Activity Statement (BAS) Turnover and
Wages data from the ATO, which we access for all businesses in scope of QBIS.
By benchmarking the sampled data against the administrative records, we gain
insights into the sample’s characteristics. An optimisation algorithm is used to
derive weights such that the weighted sample estimates of the administrative
data are consistent with the known population totals of the administrative data.
This adjusts for any lack of representativeness in the sample and enables us to
produce more precise level estimates.