Economic Time Series : Modeling and Seasonality
Language: English
Published by Chapman and Hall/CRC, 2012
- Hardcover
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- Title
- Economic Time Series : Modeling and Seasonality
- Author
- Bell, William R. (EDT); Holan, Scott H. (EDT); Mcelroy, Tucker S. (EDT)
- Publisher
- Chapman and Hall/CRC
- Publication year
- 2012
- Condition
- As New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 143984657X
- ISBN 13
- 9781439846575
Economic Time Series: Modeling and Seasonality is a focused resource on analysis of economic time series as pertains to modeling and seasonality, presenting cutting-edge research that would otherwise be scattered throughout diverse peer-reviewed journals. This compilation of 21 chapters showcases the cross-fertilization between the fields of time series modeling and seasonal adjustment, as is reflected both in the contents of the chapters and in their authorship, with contributors coming from academia and government statistical agencies.
For easier perusal and absorption, the contents have been grouped into seven topical sections:
- Section I deals with periodic modeling of time series, introducing, applying, and comparing various seasonally periodic models
- Section II examines the estimation of time series components when models for series are misspecified in some sense, and the broader implications this has for seasonal adjustment and business cycle estimation
- Section III examines the quantification of error in X-11 seasonal adjustments, with comparisons to error in model-based seasonal adjustments
- Section IV discusses some practical problems that arise in seasonal adjustment: developing asymmetric trend-cycle filters, dealing with both temporal and contemporaneous benchmark constraints, detecting trading-day effects in monthly and quarterly time series, and using diagnostics in conjunction with model-based seasonal adjustment
- Section V explores outlier detection and the modeling of time series containing extreme values, developing new procedures and extending previous work
- Section VI examines some alternative models and inference procedures for analysis of seasonal economic time series
- Section VII deals with aspects of modeling, estimation, and forecasting for nonseasonal economic time series
By presenting new methodological developments as well as pertinent empirical analyses and reviews of established methods, the book provides much that is stimulating and practically useful for the serious researcher and analyst of economic time series.
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About the Author
William R. Bell, Ph.D., is the Senior Mathematical Statistician for Small Area Estimation at the U.S. Census Bureau. He is a recognized researcher in the area of modeling and adjustment of seasonal economic time series. He has also worked on development of related computer software, including software for RegARIMA modeling of seasonal economic time series (for the X-12-ARIMA seasonal adjustment program), and the REGCMPNT program for time series models with regression effects and ARIMA component errors.
Scott H. Holan, Ph.D., is an Associate Professor of Statistics at the University of Missouri. He is the author of over 30 articles on topics of time series, spatio-temporal methodology, Bayesian methods and hierarchical models. His work is largely motivated by problems in federal statistics, econometrics, ecology and environmental science.
Tucker S. McElroy, Ph.D., is a Principal Researcher for Time Series Analysis at the U.S. Census Bureau. His research is focused primarily upon developing novel methodology for time series problems, such as model selection and signal extraction. He has contributed to the model diagnostic and seasonal adjustment routines in the X-12-ARIMA seasonal adjustment program, and has taught seasonal adjustment to both domestic and international students.
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