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CALENDAR EFFECTS COMPONENT OF A TIME SERIES

Statistics Directorate    
Definition:
The calendar effects component is that part of the seasonal component which represents calendar variations in a time series, such as trading days / working days, moving holidays and other calendar effects (such as leap year).

The effects of the normal length of a month are assigned to the seasonal component.

Context:
The calendar component is often slightly moving and may disturb the stability of the seasonal component.

Source Publication:
OECD, 2005, Data and Metadata Reporting and Presentation Handbook, OECD, Paris, Section 4: Guidelines for the reporting of different forms of data.

Statistical Theme: Methodological information (metadata)

Created on Monday, July 11, 2005