Workday, holiday and calendar adjustment: Monthly aggregates from daily diesel fuel purchases

Q3 Social Sciences

Journal of Economic and Social Measurement Pub Date : 2014-01-01 DOI:10.3233/JEM-140386

Edward Leamer

引用次数: 1

Abstract

Most data sets used by economists are collected with after-the-fact surveys and the time aggregation is done by the survey respondents who produce, for example, monthly aggregates not actual transactions. 21st century digital transaction technologies will increasingly allow the collection of actual transactions, which will create an important new set of opportunities for forming time aggregates. This paper uses a transaction-by-transaction data set on purchases of diesel fuel by over-the-road truckers to form amonthly diesel volume index from 1999 to 2012 purged of weekday, holiday and calendar effects. These high-frequency data allow new and more accurate ways to correct for (1) the variability in the weekday composition of months and (2) the drift of holiday effects between months. These corrections have substantial effects on month-to-month comparisons.

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工作日、假日和日历调整:按月合计每日柴油采购

经济学家使用的大多数数据集都是通过事后调查收集的，而时间汇总是由调查受访者完成的，比如每月汇总，而不是实际交易。21世纪的数字交易技术将越来越多地允许收集实际交易，这将为形成时间聚合创造一系列重要的新机会。本文利用公路卡车司机逐笔购买柴油的数据集，形成1999 - 2012年剔除工作日、节假日和日历影响的月度柴油量指数。这些高频数据提供了新的和更准确的方法来校正(1)月间工作日构成的可变性和(2)月间假日影响的漂移。这些修正对逐月比较有重大影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic and Social Measurement Social Sciences-Social Sciences (all)

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic and Social Measurement (JESM) is a quarterly journal that is concerned with the investigation of all aspects of production, distribution and use of economic and other societal statistical data, and with the use of computers in that context. JESM publishes articles that consider the statistical methodology of economic and social science measurements. It is concerned with the methods and problems of data distribution, including the design and implementation of data base systems and, more generally, computer software and hardware for distributing and accessing statistical data files. Its focus on computer software also includes the valuation of algorithms and their implementation, assessing the degree to which particular algorithms may yield more or less accurate computed results. It addresses the technical and even legal problems of the collection and use of data, legislation and administrative actions affecting government produced or distributed data files, and similar topics. The journal serves as a forum for the exchange of information and views between data producers and users. In addition, it considers the various uses to which statistical data may be put, particularly to the degree that these uses illustrate or affect the properties of the data. The data considered in JESM are usually economic or social, as mentioned, but this is not a requirement; the editorial policies of JESM do not place a priori restrictions upon the data that might be considered within individual articles. Furthermore, there are no limitations concerning the source of the data.