I still have a question on the definition of WT06, the weighting variable constructed by the ATUS-X team for the ATUS data after 2006. Does the weighting variable WT06 represent a daily or quarterly average, and Why? The difference between a quartly and daily average is huge in most settings, so I am requesting further clarification.
If WT06 was constructed from the original weighting variable of the ATUS (“TUFINLWGT”), then I assume most likely WT06 was designed to produce quarterly averages as TUFINLWGT is. According toATUS user’s manual (published by the BLS), variable TUFINLWGT was constructed to “represent the sample quarter” (p.34 of the manual). The description for WT06 also stated that WT06 is used for produceing quarterly averages.
However, the estimates based on WT06 looked like a daily average (please refer to this post and this). And the numbers have been replicated by one of your team members. Does this indicate, at any rate, that the constructed WT06 variable does not fully serve the purpose (producing quarterly estimates) as it is supposed to be? Or did I miss anything in my calculation?