Series: IMF Working Papers
Author(s): Marco Marini , and Tommaso Di Fonzo
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2011
Keywords: Benchmarking, Movement preservation, Linearly equality constrained non-linear optimization, Newton&;amp;#x2019;s method, optimization, minimization, statistics, computation, Methodology for Collecting, Estimating
This work presents a new technique for temporally benchmarking a time series according to the growth rates preservation principle (GRP) by Causey and Trager (1981). A procedure is developed which (i) transforms the...