Consumer Installment Credit: Identifying a Multiplicative Seasonal Model
21 Pages Posted: 19 May 2006
Date Written: May, 1976
Box-Jenkins models are subject to errors of identification, which makes caution advisable when interpreting articles that rely heavily on estimates from these models. This article provides a case study of one such instance, the modeling of consumer installment credit. The paper provides some guidance in identifying multiplicative seasonal Box-Jenkins models.
Keywords: Box-Jenkins models, consumer installment credit, identification
JEL Classification: E27
Suggested Citation: Suggested Citation