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Harmonic Analysis of Seasonal Data: Some Important Properties
Author(s) -
Doran H. E.,
Quilkey J. J.
Publication year - 1972
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238542
Subject(s) - simplicity , ordinary least squares , harmonic , econometrics , least squares function approximation , computer science , mathematics , algorithm , statistics , physics , quantum mechanics , estimator
The harmonic model has important properties which enable OLS (Ordinary Least Squares) to be used to estimate efficiently a stable seasonal pattern. These properties are considered, and a procedure is suggested to facilitate a trade‐off between simplicity and precision in the specification of the model. Two empirical examples illustrating this procedure are presented.