Devangshu Datta: The impact of seasonal changes

January 19
02:38 2017

Devangshu Datta Economic statisticians are constantly concerned with deseasonalising effects. This is relatively easy when the effect is predictable. For example, there will be more demand for labour during a harvest season and there will be more consumption during Christmas. But, it is also often required to cope with ‘one-off’ events, which could range from a disaster like a cyclone or earthquake, to something like an Olympics.   A third type of deseasonalisation is required for festivals, which are not aligned to the solar calendar. The Chinese New Year festivities last for anything up to a …

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