Search results
Results from the WOW.Com Content Network
Indirect seasonal adjustment is used for large components of GDP which are made up of many industries, which may have different seasonal patterns and which are therefore analyzed and seasonally adjusted separately. Indirect seasonal adjustment also has the advantage that the aggregate series is the exact sum of the component series.
X-13ARIMA-SEATS, successor to X-12-ARIMA and X-11, is a set of statistical methods for seasonal adjustment and other descriptive analysis of time series data that are implemented in the U.S. Census Bureau's software package. [3]
The seasonally adjusted annual rate (SAAR) is a rate that is adjusted to take into account typical seasonal fluctuations in data and is expressed as an annual total. SAARs are used for data affected by seasonality , when it could be misleading to directly compare different times of the year.
In time series data, seasonality refers to the trends that occur at specific regular intervals less than a year, such as weekly, monthly, or quarterly. Seasonality may be caused by various factors, such as weather, vacation, and holidays [1] and consists of periodic, repetitive, and generally regular and predictable patterns in the levels [2] of a time series.
Baseline budgeting is an accounting method the United States Federal Government uses to develop a budget for future years. Baseline budgeting uses current spending levels as the "baseline" for establishing future funding requirements and assumes future budgets will equal the current budget times the inflation rate times the population growth rate. [1]
Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis.
As the 2023 holiday season approaches, retail giant Target is gearing up to spread some extra cheer by hiring a whopping 100,000 seasonal employees across the United States. The majority of ...
Seasonal lag is the phenomenon whereby the date of maximum average air temperature at a geographical location on a planet is delayed until some time after the date of maximum daylight (i.e. the summer solstice). This also applies to the minimum temperature being delayed until some time after the date of minimum insolation.