An Approximation of the Hysteresis Loop by Linear Partial Functions. Econometric Modelling and Estimation / Eine Approximation der Hysteresis-Schleife über lineare Teilfunktionen. Ökonometrische Modellbildung und Schätzung

Matthias Göcke ()

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 1994, vol. 213, issue 5, 572-596

Abstract: A linearized model of the (macro) hysteresis loop is derived which shares a closer affinity to the original concept of hysteresis than conventional descriptive techniques by linear difference equations. The original loop is approximated by a rhombus shape path consisting of linear partial functions. Persisting effects are captured by vertical shifts of the linear sections. Additionally, a linear-hysteretic regression model is introduced and exemplarily applied for the analysis of the relation between dollar/Yen exchange rate and the US-imports from Japan.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:213:y:1994:i:5:p:572-596

DOI: 10.1515/jbnst-1994-0505

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