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RBA Glossary definition for ANZSIC
ANZSIC – Australian and New Zealand Standard Industrial Classification
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Box B: Business Failure Risk in the COVID-19 Pandemic – Technical Appendix
8 Oct 2020
FSR
– October 2020
µ. are industry fixed effects which control for unobserved time-invariant industry characteristics at the 4-digit ANZSIC level that explain why some industries are inherently riskier than others.
https://www.rba.gov.au/publications/fsr/2020/oct/box-b-business-failure-risk-in-the-covid-19-pandemic-technical-appendix.html