A Seasonal Adjustment Principle and a Seasonal Adjustment Method Derived From this Principle

Ekkehart Schlicht

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: The decomposition of a given time series into trend, seasonal component, and irregular component is formulated as a minimization problem. The trend is chosen such that it is as smooth as possible; the seasonal component is chosen such that it exhibits a seasonal pattern as stable as possible; and the trend and seasonal components are jointly chosen such that the given time series is explained as well as possible by these two components; that is, the irregular component is minimized

Keywords: seasonal adjustment; smoothing; spline; descriptive decomposition; Hodrick-Prescott Filter (search for similar items in EconPapers)
Date: 1981
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Citations: View citations in EconPapers (13)

Published in Journal of the American Statistical Association 374 76(1981): pp. 374-378

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