Periodicity and Stochastic Trends in Economic Time Series
Language: English
Published by OUP Oxford, 1996
- Softcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
Condition: New
£ 80.37
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Add to basketItem description from seller
nach der Bestellung gedruckt Neuware - Printed after ordering - This book provides a self-contained account of periodic models for seasonally observed economic time series with stochastic trends. Two key concepts are periodic integration and periodic cointegration. Periodic integration implies that a seasonally varying differencing filter is required to remove a stochastic trend. Periodic cointegration amounts to allowing cointegration part-term adjustment parameters to vary with the season. The emphasis is on econometric models that explicitly describe seasonal variation and can reasonably be interpreted in terms of economic behaviour. The analysis considers econometric theory, Monte Carlo simulation, and forecasting, and it is illustrated with numerous empirical time series. A key feature of the proposed models is that changing seasonal fluctuations depend on the trend and business cycle fluctuations. In the case of such dependence, it is shown that seasonal adjustment leads to inappropriate results.…
Seller Inventory # 9780198774549
- Title
- Periodicity and Stochastic Trends in Economic Time Series
- Author
- Philip Hans Franses
- Publisher
- OUP Oxford
- Publication year
- 1996
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 0198774540
- ISBN 13
- 9780198774549
- Item weight
- 377 grams
- Dimensions
- 234x156x13 mm
- Series
- Book 12 of 26: Advanced Texts in Econometrics
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