Proceedings of International work-conference on Time Series (ITISE2017)
We are proud to present the set of final accepted papers for the fourth edition of the ITISE 2017 conference "International work-conference on Time Series" held in Granada (Spain) during September, 18-20, 2017. The ITISE 2017 (International work-conference on Time Series) seeks to provide a discussion forum for scientists, engineers, educators and students about the latest ideas and realizations in the foundations, theory, models and applications for interdisciplinary and multidisciplinary re- search encompassing disciplines of computer science, mathematics, statistics, forecaster, econometric, etc, in the field of time series analysis and forecasting. The aims of ITISE 2017 is to create a friendly environment that could lead to the establish- ment or strengthening of scientific collaborations and exchanges among attendees, and therefore, ITISE 2017 solicits high-quality original research papers (including significant work-in-progress) on any aspect time series analysis and forecasting, in order to motivating the generation, and use of knowledge and new computational techniques and methods on forecasting in a wide range of fields.
We provide a review of methods for studying economic data and building economic indices based on the generalized nonparametric method for computing Konus-Divisia indices, with the focus on the case when the observed behavior is not consistent with the classical Pareto's model of a single rational representative consumer, but may be consistent with the generalized model with two or more rational representative consumers. Computing economic indices allows one to aggregate economic prices and consumption data from the level of individual goods to the level of some general categories of goods.