Benchmarking systems of socio-economic time series: CS11-614/88-17E-PDF

"This paper presents a method for benchmarking systems of socio-economic time series. Each component of the system must comply with its benchmarks, which is already accomplished by conventional benchmarking. The regional (say) series must also add to the benchmarked national total for each period of time, which is accomplished by the simultaneous benchmarking method proposed. The method also works for systems of series classified by region and by industry. The components must then add both to their regional totals and to their industrial totals (and satisfy their benchmarks). Following the Chow and Lin (1971) approach, the method specifies benchmarking in the regression framework by incorporating the commonly used benchmarking criterion of movement preservation (Denton, 1971) into the regression. This incorporation is made possible by the Generalized Least Squares estimation technique. The simultaneous processing of several series is achieved by means of Joint Generalized Least Squares (Theil, 1971)"--Abstract.

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Department/Agency Statistics Canada. Methodology Branch.
Title Benchmarking systems of socio-economic time series
Series Title Working paper ;
Publication Type Series - View Master Record
Language [English]
Format Electronic
Electronic Document

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Note Digitized edition from print [produced by Statistics Canada]. "Working Paper No. TSRA-88-017E." "Second revision October 1988."
Date 1988.
Number of Pages 23 p.
Catalogue Number
  • CS11-614/88-17E-PDF
Departmental Catalogue Number 11-614E no. 88-17
Edition 2nd rev.
Subject Terms Methodology, Statistical analysis