Definition: State space model

Category: Memobust Glossary

Time-series model that predicts the future state of a system from its previous states probabilistically, via a process model. https://ec.europa.eu/eurostat/cros/content/memobust-glossary-pdf-file_en
Source:
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
Created:
Updated: