Despite the unobserved components model (UCM) having many advantages over more popular forecasting techniques based on regression analysis, exponential smoothin

This work focuses on the unobserved components model (UCM) approach rather than general state space modeling. It provides enough theory so that readers understa

Unobserved Components Models (UCMs) are a special class of time series models that have many advantages compared with other models in that they tend to provide

A synthesis of concepts and materials, that ordinarily appear separately in time series and econometrics literature, presents a comprehensive review of theoreti

This volume presents a collection of readings which give the reader an idea of the nature and scope of unobserved components (UC) models and the methods used to