Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10011090369
This paper discusses the joint estimation of the long run equilibrium coe cients and the parameters governing the short run dynamics of a fully parametric cointegrated system formulated in continuous time.The model allows the stationary disturbances to be generated by a stochastic di erential...
Persistent link: https://www.econbiz.de/10011090524
market view of exchange rate determination is not rejected for any currency or time span.The forecasting performance of the …
Persistent link: https://www.econbiz.de/10011090961
Recent work by Kasher and Rubinstein (1997) considers the problem of group identification from a social choice perspective.These authors provide an axiomatic characterization of a liberal aggregator whereby the group consist of those and only those individuals each of which views oneself a...
Persistent link: https://www.econbiz.de/10011091125
In inventory management, hierarchical forecasting (HF) is a hot issue : families of items are formed for which total … instead of forecasting.So, from a random sample we estimate both total demand and the fraction of this total that individual … aggregation of items, followed by fractioning, lead to more accurate estimates of individual demand?Thirdly, a more practical …
Persistent link: https://www.econbiz.de/10011091178
also the impact of aggregation of the basic data. We introduce the concept of `tentative' estimates that are close to …
Persistent link: https://www.econbiz.de/10011091521
Abstract: In the tradition of Afriat (1967), Diewert (1973) and Varian (1982), we provide a revealed preference characterisation of the representative consumer. Our results are simple and complement those of Gorman (1953, 1961), Samuelson (1956) and others. They can also be applied to data very...
Persistent link: https://www.econbiz.de/10011091961
problem of spurious Granger causality relationships that can arise from temporal aggregation.We outline the distortional e …, we demonstrate the importance of incorporating exact temporal aggregation restrictions on the discrete time data.We do … this by conducting causality tests in discrete time models that: (a) impose the temporal aggregation restrictions exactly …
Persistent link: https://www.econbiz.de/10011092014
Industry productivity is obtained by aggregation of firm productivities and inclusion of the appropriate allocative …
Persistent link: https://www.econbiz.de/10011092142
measured by the proximity between a firm and the best practices.Aggregation of firm efficiencies is imperfect.The bias is used …
Persistent link: https://www.econbiz.de/10011092768