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On the sequential benchmarking of subannual series to annual totals

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  • Jacco Daalmans

Abstract

Temporal benchmarking according to the least squares methods of Denton is widely used for official statistics. The purpose of Denton methods is to achieve consistency between high‐ and low‐frequency data, for example, quarterly and annual data. The high‐frequency data are adjusted to align with low‐frequency data, while preserving as much as possible the short‐term movements of the preliminary high‐frequency data. Theoretically, it is best to benchmark all available data for all periods at once. Practically, such a simultaneous approach is often not feasible, due to the impossibility of changing results that have already been published. Therefore, benchmarking is often applied according to a sequential approach. This paper demonstrates that a popular Denton method is not always appropriate for sequential benchmarking. Undesirable abrupt changes of benchmarking corrections can occur. This paper proposes solutions that better preserve the short‐term movements between sequentially benchmarked series.

Suggested Citation

  • Jacco Daalmans, 2018. "On the sequential benchmarking of subannual series to annual totals," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 72(4), pages 406-420, November.
    • Handle: RePEc:bla:stanee:v:72:y:2018:i:4:p:406-420
    DOI: 10.1111/stan.12163
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    References listed on IDEAS

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    1. Mr. Marco Marini & Mr. Tommaso Di Fonzo, 2012. "On the Extrapolation with the Denton Proportional Benchmarking Method," IMF Working Papers 2012/169, International Monetary Fund.
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