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PRIOR ADJUSTMENT: AN EXTENSION OF THE FRISCH‐WAUGH THEOREM TO THE METHOD OF “TWO‐STAGE LEAST‐SQUARES”
Author(s) -
Rowley J. C. R.
Publication year - 1972
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.1972.tb00201.x
Subject(s) - extension (predicate logic) , queen (butterfly) , citation , least squares function approximation , mathematical economics , philosophy , calculus (dental) , mathematics , computer science , library science , statistics , programming language , medicine , hymenoptera , botany , estimator , biology , dentistry
The problems of seasonal adjustment and other forms of prior adjustment have seldom been integrated into a general framework of estimation. A well-known result, due to Frisch and Waugh, has been used to demonstrate how linear seasonal influences might be treated in the context of the general linear statistical model. In this paper, the author establishes a proposition that one form of prior adjustment is consistent with two different estimating techniques that are in common use.