DETEKCE A KOREKCE PŘEDVELIKONOČNÍHO A VELIKONOČNÍHO EFEKTU

• Authors: Arteche Josu , Renáta Majovská , Petr Mariel , Susan Orbe

Title variants

EN

Detection and correction of the pre-Easter and Easter effect

• Languages of publication: CS

Abstracts

EN

This study compares eight different alternatives of detection and correction of Easter and pre-Easter effect. These are two calendar effects, which are usually subtracted from the time series analysed before its decomposition into trend/ cycle, seasonality and irregular part. The proposed alternatives differ by the duration of these effects and are compared using regression coefficients, information criteria and recursive estimation. Data of Index of industrial production of Czech Republic, Poland and Slovak Republic and three north-Spanish provinces data of Index of industrial production of Czech Republic, Poland and Slovak Republic and three north-Spanish provinces are used in the empirical application. The conclusions, which can be drawn from the study and which are based on very different data, are that the Easter effect should be always detected and corrected separately and not together with another calendar effect.

Keywords

EN

EASTER EFFECT; TIME SERIES; RECURSIVE ESTIMATION; INFORMATION CRITERIA

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2011
• Volume: 59
• Issue: 5
• Pages: 472 – 487

Contributors

author

Arteche Josu

• University of the Bask Country/Euskal Herriko Unibertsitatea, Department of Applied Economics III, Econometrics and Statistics, Lehendakari Aguirre 83, E48015 Bilbao, Spain

author

Renáta Majovská

author

Petr Mariel

author

Susan Orbe