1.

Record Nr.

UNINA9910462240503321

Autore

Di Fonzo Tommaso

Titolo

On the extrapolation with the Denton proportional benchmarking method [[electronic resource] /] / prepared by Tommaso Di Fonzo and Marco Marini

Pubbl/distr/stampa

Washington, DC, : International Monetary Fund, 2012

ISBN

1-4755-5891-0

1-4755-3464-7

Descrizione fisica

1 online resource (22 p.)

Collana

IMF working paper ; ; 12/169

Altri autori (Persone)

MariniMarco

Soggetti

Benchmarking (Management)

Managerial accounting

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Abstract; Contents; I. Introduction; II. The Denton PFD Benchmarking Method; III. The Enhanced Denton PFD Method for Extrapolation; A. An Approximation of the Enhanced PFD Method; IV. An Example with Artificial Data; Tables; 1. Extrapolation Using Forecast BI Ratios (Example 6.2, QNA Manual, 2001); 2. Enhanced Denton PFD: Comparison Between the Shortcut and the Analytical Solution; 3. Enhanced Denton PFD: Comparison with the Indicator Series; 4. Basic Denton PFD vs. Enhanced Denton PFD: MSD of Quarterly Growth Rates

5. Enhanced Denton PFD: Comparison Between the Analytical Solution and the Shortcut Version with Different BI RatiosV. An Application to Real-Life Data; 6. Forecasting Manufacturing Value Added in 2009 Using IPI: a Comparison Between PFD and EPFD; VI. Conclusions; References

Sommario/riassunto

Statistical offices have often recourse to benchmarking methods for compiling quarterly national accounts (QNA). Benchmarking methods employ quarterly indicator series (i) to distribute annual, more reliable series of national accounts and (ii) to extrapolate the most recent quarters not yet covered by annual benchmarks. The Proportional First Differences (PFD) benchmarking method proposed by Denton (1971) is



a widely used solution for distribution, but in extrapolation it may suffer when the movements in the indicator series do not match consistently the movements in the target annual benchma