Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use HTTPS
A lock (
) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.
Topics
Data & Maps
Surveys & Programs
Resource Library
Estimating Trading-Day Variation in Monthly Economic Time Series
Estimating Trading-Day Variation in Monthly Economic Time Series
Introduction
An important source of the month-to-month variation in many monthly economic time series is trading-day variation. In activities such as production, sales, and shipments in domestic and foreign trade, the monthly rate of activity is related to the number of working or trading days in the month. A familiar example is retail sales, where more sales are made on Fridays and Saturdays than on other days and higher sales are made in months containing five Fridays and/or Saturdays than those with four.
Others in Series
Working Paper
Seasonal Analysis of Economic Time Series
Given a basic stochastic seasonal time series model, developed by Box and Jenkins, the corresponding model for temporal aggregates is derived.
Working Paper
Applied Time Series Analysis of Economic Data
Work leading to currently used methods of seasonal adjustment began with the link-relative method of Persons (1919).
Working Paper
Ambiguities Associated with the Fitting of ARMA Models to Time Series
Examples are presented illustrating some ambiguities associated with the application of ARMA models.
Related Information
Page Last Revised - October 8, 2021
✕
Is this page helpful?
Yes
No
Yes
No✕
NO THANKS
255 characters maximum
255 characters maximum reached
255 characters maximum reached
✕
Thank you for your feedback.
Comments or suggestions?
Comments or suggestions?
