Asked by vianna trigueros on May 27, 2024
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One application of seasonal indexes is to remove the seasonal variation in a time series.The process is called deseasonalizing,and the result is called a seasonally adjusted time series.
Seasonal Indexes
A set of numbers used to adjust data for seasonal effects, allowing for comparison and analysis of underlying trends by compensating for regular, periodic fluctuations.
Seasonal Variation
Regular variations in data that happen at consistent intervals because of seasonal influences.
Deseasonalizing
The process of removing the seasonal components of data to analyze and forecast trends more accurately.
- Understand the concept and application of seasonal indexes in time series data.
- Comprehend the deseasonalization process and its purpose in time series analysis.
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Learning Objectives
- Understand the concept and application of seasonal indexes in time series data.
- Comprehend the deseasonalization process and its purpose in time series analysis.
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