Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/61235
Authors: 
Breitung, Jörg
Year of Publication: 
1998
Series/Report no.: 
SFB 373 Discussion Paper 1998,12
Abstract: 
In this note the unobserved component approach underlying the software package SEATS is compared with the Beveridge-Nelson type of decomposition for seasonal time series. The main strength of the SEATS approach lies in the appealing model formulation and the careful specification and adjustment of the input series. However, there are some theoretical problems with orthogonal decompositions which may be avoided by using the Beveridge-Nelson approach. The German unemployment series is studied to illustrate the properties of the alternative methods practically.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper
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