An Alternative Proof of Minimum Trace Reconciliation /

Minimum trace reconciliation, developed by Wickramasuriya et. al. (2019), is an innovation in the literature of forecast reconciliation. The proof, however, is indirect and not easy to extend to more general situations. This paper provides an alternative proof based on the first-order condition in t...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Ando, Sakai
מחברים אחרים: Narita, Futoshi
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2022.
סדרה:IMF Working Papers; Working Paper ; No. 2022/136
נושאים:
גישה מקוונת:Full text available on IMF
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245 1 3 |a An Alternative Proof of Minimum Trace Reconciliation /  |c Sakai Ando, Futoshi Narita. 
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300 |a 1 online resource (12 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Minimum trace reconciliation, developed by Wickramasuriya et. al. (2019), is an innovation in the literature of forecast reconciliation. The proof, however, is indirect and not easy to extend to more general situations. This paper provides an alternative proof based on the first-order condition in the space of non-square matrix and argues that it is not only simpler but also can be extended to incorporate more general results on minimum weighted trace reconciliation in Panagiotelis et. al. (2021). Thus, our alternative proof not only has pedagogical value but also connects the results in the literature from a unified perspective. 
538 |a Mode of access: Internet 
650 7 |a Forecast Reconciliation  |2 imf 
650 7 |a Forecasting and Other Model Applications  |2 imf 
650 7 |a General Aggregative Models  |2 imf 
650 7 |a Minimum Trace Reconciliation  |2 imf 
700 1 |a Narita, Futoshi. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/136 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=136  |z IMF e-Library