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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Katheryn SaldanaMay 31, 2024
Final Answer :
True
Explanation :
This statement is true. Seasonal indexes are used to identify and measure the seasonal patterns within a time series. Deseasonalizing involves using these seasonal indexes to adjust the data and remove the seasonality component, resulting in a seasonally adjusted time series that can be analyzed for underlying trends and patterns.