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Projection and evaluation

 

 

 

Projection and evaluation

 

The final goal when applying a sampling method is to project (extrapolate or estimate) the level of error (misstatement) observed in the sample to the whole population.

 

This process will allow to conclude whether a population is materially misstated or not and, if so, by how much (an error amount).

 

Projection methods varies based on different sampling methods, as shown in table below.

 

Sampling method

Projection and Evaluation

Judgmental sampling

No projection

Systematic sampling

Classical Variable Sampling (CVS)

Random sampling

Classical Variable Sampling (CVS)

Stratification sampling

Classical Variable Sampling (CVS)

Monetary unit sampling

Monetary Unit Sampling (MUS)

 

 

 

 

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