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Box 1-4 Seasonal Adjustment

Wednesday, January 4, 2017

Seasonal adjustment is the process of estimating and removing seasonal movement. Seasonal adjustment decomposes a time series into a seasonal part and an irregular part. The goal is to remove changes in the data happening at the same time and with the same magnitude and direction every year. Controlling these predictable influences allows measurement of real monthly changes, short and long term patterns of growth or decline and turning points.

SOURCE: Bureau of Transportation Statistics, 2016.