Under some MRI categories, I see information on “amount spent.” Is there a way in MEMRI3 to code for the total expenditure within a category that has spending information?
The codes that MRI publishes allow isolation of specific spending ranges. By multiplying the number of people in each range by the midpoint of that range (usually calculated by averaging the endpoints of the range), then adding together the results, it is possible to arrive at a reasonable estimate of total spending within the category. In MEMRI3, this is done using a SUMAX function; other tabulation systems have similar functions for performing this operation.
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