Go to Statistics Portal

FIRST-ORDER AUTO-CORRELATION

Statistics Directorate    
Definition:
Is a measure of to what extent the level of economic activity currently depends upon the level in the past. The higher the degree of dependence the longer or more persistent the business cycle will be.

Source Publication:
The OECD Economic Outlook: Sources and Methods.

Cross References:
Autocorrelation

Hyperlink:
http://www.oecd.org/eco/outlook/sources-and-methods.htm

Statistical Theme: Methodological information (metadata)

Created on Thursday, July 07, 2005

Last updated on Friday, March 28, 2014