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Comparison of Series – Cumulative Data



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Comparison of Series – Cumulative Data



Comparison of Series – Monthly Data



Time Series Methodology

  • Problems with cumulative data

  • International comparison and analysis not possible

  • Slow identification of turning points

    • Change from the previous period in seasonally adjusted data provides faster indications of turning points
  • User cannot derive a correct monthly time series

    • Revisions to the earlier periods cannot be matched to the correct periods of time
    • Time series from cumulative data have incorrect seasonality


From Cumulative to Monthly



Time Series Methodology

  • Fixed base indices and/or absolute values for discrete periods are recommended

  • Time series to be linked or calculated back when base year is changed

    • Not to shorten the series or to leave breaks (the series should not start from its b.y.)
  • Previous periods need to be revised to come up with reliable time series

    • Currently 10 countries publish time series of more than 24 observations


Where is the Economy Going?



Seasonal Adjustment

  • SA data calculated by 11/17 countries

  • Need for training, materials/guidelines and support on methodological and practical issues

  • Expansion of number and length of seasonally adjusted series

  • More metadata on SA needed for the users

  • Development of release practices of SA

  • Standardization of compilation and release practices would enhance quality of SA



Conclusions of the Assessment

  • Need for longer time series

    • Historical time series to be build and maintained
    • Backcalculation or linking in base year changes
  • Improve international comparability

    • Seasonally adjusted data would enable comparison
    • More comparable information on the service sector
  • Review data collection techniques

    • Introduce sampling (and allow revisions)
    • Use administrative sources
  • Publication policy

    • New release practices (SA, time series, revisions)
    • More detailed metadata


General Recommendations on STS

  • Carsten Boldsen Hansen

  • Economic Statistics Section, UNECE



Overview

  • General guidelines and quality

  • Sources for methodology guidelines

  • Response burden

  • STS vs. SBS

  • Time series

  • Release Practices

  • Metadata

  • User consultation



“The use by statistical agencies in each country of international concepts, classifications and methods promotes the consistency and efficiency of statistical systems at all official levels.”

  • “The use by statistical agencies in each country of international concepts, classifications and methods promotes the consistency and efficiency of statistical systems at all official levels.”

  • The ninth principle of The Fundamental Principles of Official Statistics in the Region of the Economic Commission for Europe, UNECE



General Guidelines

  • The Fundamental Principles of Official Statistics (UN) http://unstats.un.org/unsd/dnss/gp/fundprinciples.aspx

  • Quality of Statistics

    • Data Quality Assessment Framework (IMF) http://www.imf.org/external/np/sta/dsbb/2003/eng/dqaf.htm
    • ESS quality framework (EC) http://epp.eurostat.ec.europa.eu/portal/page/portal/quality/introduction
    • OECD quality framework (OECD) http://www.oecd.org/document/43/0,3343,en_2649_33715_21571947_1_1_1_1,00.html
  • Handbook of Statistical Organization, The Operation and Organization of a Statistical Agency, 2003

  • http://unstats.un.org/unsd/dnss/hb/default.aspx



The Fundamental Principles

  • indispensable for a democratic society

  • statistical agencies decide methods and procedures

  • present data according to scientific standards

  • comment on erroneous interpretation

  • statistical agencies choose the data sources with regard to quality, timeliness, costs and burden



The Fundamental Principles

  • strictly confidentiality of individual data and use exclusively for statistical purposes

  • statistical laws, regulations and measures to be made public

  • coordination among statistical agencies within countries

  • use of international concepts, classifications and methods

  • bilateral and multilateral cooperation



Respondent Burden

  • Minimizing respondent burden should be an important objective vs. cut-off sampling


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