| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w16897
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| 来源ID | Working Paper 16897
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| Workday, Holiday and Calendar Adjustment with 21st Century Data: Monthly Aggregates from Daily Diesel Fuel Purchases |
| Edward E. Leamer
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| 发表日期 | 2011-03-24
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| 出版年 | 2011
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| 语种 | 英语
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| 摘要 | This paper uses a Ceridian transaction-by-transaction data set on purchases of diesel fuel by over-the-road truckers to form a monthly diesel volume purchase index from 1999 to 2011, purged of weekday, holiday and calendar effects. These high-frequency data support a new and improved set of options to correct for (1) the variability in the weekday composition of months and (2) the drift of holiday effects between months. With only monthly data, Census seasonal adjustment methods are forced to make inferences about the effects of both weekday composition and holiday drift. With daily data, these can be directly observed, and removed from the data, if the patterns repeat. But the drift of holiday effects between December and January resists statistical treatment, leaving the December/January comparison the most noisy in a seasonally adjusted monthly series. This problem, and other issues of holiday drift, can be treated with an overhaul of the calendar to put all holidays but Easter firmly in one month or another. The bottom line here is that e-recording of transactions offers a new set of opportunities for studying the health of Main Street. |
| 主题 | Econometrics
; Data Collection
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| URL | https://www.nber.org/papers/w16897
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574572
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推荐引用方式
GB/T 7714 |
Edward E. Leamer. Workday, Holiday and Calendar Adjustment with 21st Century Data: Monthly Aggregates from Daily Diesel Fuel Purchases. 2011.
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文件名：
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w16897.pdf
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格式：
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Adobe PDF
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