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Seasonal Decomposition of Deterministic Effects

Written by:
RR84-01

Introduction

To seasonally adjust zt we must assign part of ft to the seasonal component. The remaining part of ft can be broken down in an indigenous f-effect (such as trading day and holiday) and part of the trend. We first should how to remove the seasonal part for a general ft and then show how to decompose trading day and holiday effects.

Page Last Revised - October 28, 2021