LEADER 05562oam 22011294 450 001 9910807287703321 005 20240402045334.0 010 $a1-4755-5891-0 010 $a1-4755-3464-7 035 $a(CKB)2670000000278850 035 $a(EBL)1606822 035 $a(SSID)ssj0000943221 035 $a(PQKBManifestationID)11503274 035 $a(PQKBTitleCode)TC0000943221 035 $a(PQKBWorkID)10975616 035 $a(PQKB)10666785 035 $a(MiAaPQ)EBC1606822 035 $a(Au-PeEL)EBL1606822 035 $a(CaPaEBR)ebr10627071 035 $a(OCoLC)797981387 035 $a(IMF)WPIEE2012169 035 $a(IMF)WPIEA2012169 035 $a(EXLCZ)992670000000278850 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aOn the Extrapolation with the Denton Proportional Benchmarking Method /$fMarco Marini, Tommaso Di Fonzo 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (22 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4755-9105-5 311 $a1-4755-0517-5 320 $aIncludes bibliographical references. 327 $aCover; 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 327 $a5. 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 330 3 $aStatistical offices have often recourse to benchmarking methods for compiling quarterly national accounts (QNA). Benchmarking methods employ quarterly indicator series (i) to distribute annual, more reliable series of national accounts and (ii) to extrapolate the most recent quarters not yet covered by annual benchmarks. The Proportional First Differences (PFD) benchmarking method proposed by Denton (1971) is a widely used solution for distribution, but in extrapolation it may suffer when the movements in the indicator series do not match consistently the movements in the target annual benchmarks. For this reason, an enhanced formula for extrapolation was recommended by the IMF?s Quarterly National Accounts Manual: Concepts, Data Sources, and Compilation (2001). We discuss the rationale behind this technique, and propose a matrix formulation of it. In addition, we present applications of the enhanced formula to artificial and real-life benchmarking examples showing how the extrapolations for the most recent quarters can be improved. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2012/169 606 $aBenchmarking (Management) 606 $aManagerial accounting 606 $aMacroeconomics$2imf 606 $aIndustries: General$2imf 606 $aIndustries: Manufacturing$2imf 606 $aTime-Series Models$2imf 606 $aDynamic Quantile Regressions$2imf 606 $aDynamic Treatment Effect Models$2imf 606 $aDiffusion Processes$2imf 606 $aOptimization Techniques$2imf 606 $aProgramming Models$2imf 606 $aDynamic Analysis$2imf 606 $aMethodology for Collecting, Estimating, and Organizing Macroeconomic Data$2imf 606 $aData Access$2imf 606 $aGeneral Aggregative Models: General$2imf 606 $aIndustry Studies: Manufacturing: General$2imf 606 $aMacroeconomics: Production$2imf 606 $aManufacturing industries$2imf 606 $aNational accounts$2imf 606 $aManufacturing$2imf 606 $aIndustrial production$2imf 606 $aNational income$2imf 606 $aIndustries$2imf 607 $aKorea, Republic of$2imf 615 0$aBenchmarking (Management) 615 0$aManagerial accounting. 615 7$aMacroeconomics 615 7$aIndustries: General 615 7$aIndustries: Manufacturing 615 7$aTime-Series Models 615 7$aDynamic Quantile Regressions 615 7$aDynamic Treatment Effect Models 615 7$aDiffusion Processes 615 7$aOptimization Techniques 615 7$aProgramming Models 615 7$aDynamic Analysis 615 7$aMethodology for Collecting, Estimating, and Organizing Macroeconomic Data 615 7$aData Access 615 7$aGeneral Aggregative Models: General 615 7$aIndustry Studies: Manufacturing: General 615 7$aMacroeconomics: Production 615 7$aManufacturing industries 615 7$aNational accounts 615 7$aManufacturing 615 7$aIndustrial production 615 7$aNational income 615 7$aIndustries 676 $a300 700 $aMarini$b Marco$0734096 701 $aDi Fonzo$b Tommaso$0148119 801 0$bDcWaIMF 906 $aBOOK 912 $a9910807287703321 996 $aOn the Extrapolation with the Denton Proportional Benchmarking Method$94092787 997 $aUNINA