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
Holiday Effects in Indian Manufacturing Series
Holiday Effects in Indian Manufacturing Series
RRS2017-04
Abstract
Moving holidays are known to deeply impact economic data, and can often be modeled through fixed regressors computed from a window of time pertaining to the festival in question. However, determining the width of this time window-corresponding to heightened economic activity in time periods antecedent or subsequent to the festival dates-can be difficult in cases where the holiday's impact is new. We study the impact of Navaratri and Diwali on Indian manufacturing data, and determine the most appropriate window sizes by systematically comparing p-values of various holiday Wald statistics. This method is demonstrated on one of the manufacturing series with a large holiday effect, where the Navaratri and Diwali windows determined empirically to begin 12 and 10 days respectively before the festival dates, yielding an improved model of the data.
Others in Series
Working Paper
Maximum Entropy-Value Seasonal Adjustment
Maximum Entropy-Value Seasonal Adjustment
Working Paper
Detecting Seasonality in Seasonally Adjusted Monthly Time Series
Detecting Seasonality in Seasonally Adjusted Monthly Time Series
Working Paper
Small Area Estimation - State Poverty Rate Model Research Data Files
Small Area Estimation - State Poverty Rate Model Research Data Files
Related Information
WORKING PAPER
Statistical Research Reports and Studies
Page Last Revised - October 28, 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?
