Introduction to Economic Statistics

Cover Introduction to Economic Statistics
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The superiority of this method lies in the fact that in taking the link-relatives, and in selecting their medians as the month types, the effects of the cyclic sary, by reducing them to percentages of their common average (Cf. Jordan, Biisiness Forecasting, p. 212).
* To get the best results, the median should be based on a larger number of years than are here taken.
'A more exact method is to apportion the discrepancy geometrically; that is, to divide the January index by the twelfth root of t
...he final December index (written as a decimal), the February index by the square of this root, and so on.
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