QDIFQualitative Data Interchange Format
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We can further measure the difference between [q.sup.E] and q by defining a new variable QDIF = ([q.sup.E] - q)/q.
(a.) The subsamples divide the full sample roughly into thirds based on the firm's average value of QDIF, defined as the difference between [q.sup.E] and q as a percentage of q.
These are the results we find when we divide the sample into three roughly equal groups according to the value of QDIF, the proportional deviation of [q.sup.E] from q.