Functional approach to analysis of daily tax revenues
Articles
Jovita Gudan
Vilnius University
https://orcid.org/0000-0002-1559-6949
Alfredas Račkauskas
Vilnius University
https://orcid.org/0000-0002-6865-6570
Published 2019-11-12
https://doi.org/10.15388/LMR.A.2019.14948
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Keywords

functional data analysis
data smoothing
registration
prediction

How to Cite

Gudan, J. and Račkauskas, A. (2019) “Functional approach to analysis of daily tax revenues”, Lietuvos matematikos rinkinys, 60(A), pp. 7–14. doi:10.15388/LMR.A.2019.14948.

Abstract

We present a functional data analysis approach to modeling and analyzing daily tax revenues. The main features of daily tax revenue we need to extract are some patterns within calendar months which can be used for prediction. As standard seasonal time series techniques cannot be used due to varying number of banking days per calendar month and presence of seasonality between and within months we interpret monthly tax revenues as curves obtained from daily data. Standard smoothing techniques and registration taking into account time variability are used for data preparation.

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