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Definition: Balancing techniques (by using mathematical and statistical methods)

National accounts

Mathematical and statistical methods offer a sophisticated but very practical instrument to be used in the balancing procedure. They can be used in the balancing process to carry out the final steps in order to obtain the balanced estimates. The use of these methods shall be considered in the general balancing process. Several techniques have been developed to carry out balancing according to the mathematical and statistical methods. Two classes can be distinguished:
 a) methods that adjust multivariate preliminary estimate fulfil the temporal and accounting constraints;
 b) methods that use a set of quarterly indicators to obtain indirect estimates of the unknown aggregates.
Handbook on quarterly national accounts, 1999 Edition, Eurostat, p.257