Definition: Lag
OECD - Business tendency surveys
An event occurring at time t+k (k>0) is said to lag behind event occurring at time t, the extent of the lag being k. An event occurring before another is said to have a negative lag.
Source:
Organization for Economic Cooperation and Development (OECD), "Business Tendency Surveys - A Handbook", OECD, Paris, 2003
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