Business, Legal & Accounting Glossary
An adjustment made to many economic data series to remove peaks and troughs caused by seasonal patterns. The data within a year can be heavily affected by such fluctuations and the adjustment makes interpretation much easier. Retail sales, for example, are much higher around Christmas than at other times of the year, so a factor is subtracted to make the month-to-month comparison more valid.
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This glossary post was last updated: 26th April, 2020 | 0 Views.