We sought feedback and advice from external experts on the appropriateness and robustness of our new estimation method based on a multi-stage regression approach. Poisson Pseudo Maximum Likelihood (PPML) regression better fits the data and enables us to use a richer dataset, improving the reliability of the estimates. They have supported our revised reliability rating of high with a score of 21.
This year’s gap estimates maintain the current approach to debt, underestimating the final gap estimate. As a result, we have examined more closely the reliability rating to reflect this. For this gap we have reviewed the reliability score but the overall reliability rating remains high.
Figure 3: Reliability rating scale from very low to very high − WET gap