University of Aarhus Department of Economics Working Paper No. 2006-4
32 Pages Posted: 18 Jun 2008
Date Written: 22-02-2006
The main objective behind the production of seasonally adjusted time series is to give an easy access to a common time series data set purged of what is considered seasonal noise. Although the application of officially seasonally adjusted data may have the advantage of being cost saving it may also imply a less efficient use of the information available, and one may apply a distorted set of data. Hence, in many cases, there may be a need for treating seasonality as an integrated part of an econometric analysis. In this article we present several diýerent ways to integrate the seasonal adjustment into the econometric analysis in addition to applying data adjusted by the two most popular adjustment methods.
JEL Classification: C10
Suggested Citation: Suggested Citation