This type of 'noise' is easy to weed out. Its not really even noise--its just a question of how he wants to define his population.
With a good team of people who know SQL, he can pull data from any population he chooses, and can make any statement about that population he has data on, and if his arithmetic is valid, those facts are without any sort of 'noise'.
On the other hand, this is economics, and if he ever wants to make a valid prediction, he's going to have to use forecasting. Forecasting intentionally adds noise, so in that sense, have the population doesn't eliminate the existence of noise in his work.
But I really don't see what you mean by 'noise' in this case. He literally has all of the facts. There is nothing fuzzy about the data, as long as he has the data.