Benchmarking Systems of Seasonally Adjusted Time Series [electronic resource] / Tommaso di Fonzo and Marco Marini
Material type:
ArticlePublication details: Paris : OECD Publishing, 2005.Description: 35 p. ; 16 x 23cmSubject(s): Online resources:
In:
Journal of Business Cycle Measurement and Analysis Vol. 2005, no. 1, p. 89-123Abstract: When a system of time series is seasonally adjusted, generally the accounting constraints originally linking the series are not fulfilled. To overcome this problem, we discuss an extension to a system of series linked by an accounting constraint of the classical univariate benchmarking procedure due to Denton (1971), which is founded on a movement preservation principle that is very relevant in this case. The presence of linear dependence between the variables makes it necessary to deal with the whole set of contemporaneous and temporal aggregation relationships. The cases of one-way classified (e.g., by regions or by industries) and of two-way classified (e.g., by regions and by industries) systems of series are studied. An empirical application to the Canadian retail trade series by province (12 series) and trade groups (18 series) is considered to show the capability of the proposed procedures.
| Item type | Home library | Collection | Call number | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|
| Working Paper | Biblioteca Digital | Colección OECD | OECD jbcma-2005-5km7v1835wr5 (Browse shelf(Opens below)) | Not For Loan |
Collection: Colección OECD Close shelf browser (Hides shelf browser)
| No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | ||
| OECD hemp-v22-art6-en The intended and unintended effects of the Bologna reforms | OECD hemp-v22-art8-en Knowledge as a common good the societal relevance of scientific research / | OECD jbcma-2005-5km7v18340nr New Design of the ISAE Manufacturing Survey | OECD jbcma-2005-5km7v1835wr5 Benchmarking Systems of Seasonally Adjusted Time Series | OECD jbcma-2005-5km7v183qs0v Out-of-sample Performance of Leading Indicators for the German Business Cycle Single vs. Combined Forecasts / | OECD jbcma-2005-5km7v183t48r Towards a Monthly Business Cycle Chronology for the Euro Area | OECD jbcma-2005-5km7v183wfr5 Business Cycles in the New EU Member Countries and their Conformity with the Euro Area |
When a system of time series is seasonally adjusted, generally the accounting constraints originally linking the series are not fulfilled. To overcome this problem, we discuss an extension to a system of series linked by an accounting constraint of the classical univariate benchmarking procedure due to Denton (1971), which is founded on a movement preservation principle that is very relevant in this case. The presence of linear dependence between the variables makes it necessary to deal with the whole set of contemporaneous and temporal aggregation relationships. The cases of one-way classified (e.g., by regions or by industries) and of two-way classified (e.g., by regions and by industries) systems of series are studied. An empirical application to the Canadian retail trade series by province (12 series) and trade groups (18 series) is considered to show the capability of the proposed procedures.
There are no comments on this title.