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Observation and Analysis for the Semiconductor Cycle with a State ...

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<strong>Analysis</strong> <strong>and</strong> Consideration:<br />

Incorporation of Explanatory Variables into <strong>Cycle</strong><br />

Factor<br />

• Based on considerations from principal components analysis,<br />

<strong>the</strong> explanatory variables could be incorporated into <strong>the</strong><br />

cycle factor<br />

c<br />

n<br />

U<br />

n<br />

MP<br />

MR<br />

U<br />

: YoY change<br />

n<br />

n<br />

,<br />

,<br />

<br />

n<br />

MP<br />

: YoY change<br />

: YoY change<br />

: regression<br />

n<br />

of<br />

MR<br />

of<br />

semiconductor unit shipment<br />

of<br />

n<br />

unit price of<br />

unit price of<br />

coefficient<br />

<br />

n3<br />

,<br />

<br />

n3<br />

microcomponent<br />

memory<br />

~<br />

N(0, <br />

2<br />

3<br />

)<br />

Graduate School of Business Science/University of Tsukuba<br />

13

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