Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support

The Interpolation of Time Series by Related Series

Milton Friedman
Journal of the American Statistical Association
Vol. 57, No. 300 (Dec., 1962), pp. 729-757
DOI: 10.2307/2281805
Stable URL: http://www.jstor.org/stable/2281805
Page Count: 29
  • Download ($14.00)
  • Cite this Item
If you need an accessible version of this item please contact JSTOR User Support
The Interpolation of Time Series by Related Series
Preview not available

Abstract

The construction of most comprehensive economic time series involves the estimation of some components for some dates by interpolation between values ("benchmarks") for earlier and later dates. This is often done by using a related series known for all relevant dates. In practice, the bulk of such interpolation uses only a single related series, its values for only three dates-the interpolation date, one prior date, and one later date-and the values of the given series for only the prior and later dates. For this special case, some current methods are defective on formal grounds and all may frequently yield less accurate estimates than straight-line or other mathematical interpolation. Converting the problem into a simple bivariate regression problem suggests a generalization of current methods that takes account of the correlation between the movements of the given series and the related series.

Page Thumbnails

  • Thumbnail: Page 
729
    729
  • Thumbnail: Page 
730
    730
  • Thumbnail: Page 
731
    731
  • Thumbnail: Page 
732
    732
  • Thumbnail: Page 
733
    733
  • Thumbnail: Page 
734
    734
  • Thumbnail: Page 
735
    735
  • Thumbnail: Page 
736
    736
  • Thumbnail: Page 
737
    737
  • Thumbnail: Page 
738
    738
  • Thumbnail: Page 
739
    739
  • Thumbnail: Page 
740
    740
  • Thumbnail: Page 
741
    741
  • Thumbnail: Page 
742
    742
  • Thumbnail: Page 
743
    743
  • Thumbnail: Page 
744
    744
  • Thumbnail: Page 
745
    745
  • Thumbnail: Page 
746
    746
  • Thumbnail: Page 
747
    747
  • Thumbnail: Page 
748
    748
  • Thumbnail: Page 
749
    749
  • Thumbnail: Page 
750
    750
  • Thumbnail: Page 
751
    751
  • Thumbnail: Page 
752
    752
  • Thumbnail: Page 
753
    753
  • Thumbnail: Page 
754
    754
  • Thumbnail: Page 
755
    755
  • Thumbnail: Page 
756
    756
  • Thumbnail: Page 
757
    757