A Seasonal Adjustment Principle and a Seasonal Adjustment Method Derived From this Principle
AbstractThe 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
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Bibliographic InfoPaper provided by University of Munich, Department of Economics in its series Munich Reprints in Economics with number 3374.
Date of creation: 1981
Date of revision:
Publication status: Published in Journal of the American Statistical Association 374 76(1981): pp. 374-378
seasonal adjustment; smoothing; spline; descriptive decomposition; Hodrick-Prescott Filter;
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