Univariate Characterization of the German Business Cycle 1955-1994
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Universitätsbibliothek Dortmund
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We present a descriptive analysis of stylized facts for the German business cycle. We demonstrate that simple ad-hoc instructions for identifying univariate rules characterizing the German business cycle 1955-1994 lead to an error rate comparable to standard multivariate methods.
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descriptive analysis, parallel box plots, multivariate classification, univariate rules, business cycle