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Seasonal Adjustment

Seasonal Adjustment. Item 8: Background of previous STESWP seasonal adjustment work. STESWP Agenda Items. Seasonal adjustment has been on the agenda since the inception of the STESWP group in 2002.

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Seasonal Adjustment

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  1. Seasonal Adjustment Item 8: Background of previous STESWP seasonal adjustment work

  2. STESWP Agenda Items Seasonal adjustment has been on the agenda since the inception of the STESWP group in 2002. A seasonal adjustment task force was created, 2002-2004, to provide input for inclusion in the Data and Metadata Presentation Handbook on harmonisation in presenting seasonally adjusted data (and metadata).

  3. Initiatives • Eurostat • Quarterly national accounts guidelines • Current steering group (Euro-Indicators guidelines) • Hungarian Handbook • Revised draft version released April 2007 • Member countries • Countries constantly revising compilation methods for seasonal adjustment e.g. Finland, Canada.

  4. Country Comments Two types of comments: General comments around the concept of having guidelines; and, detail seasonal adjustment issues on the guidelines. • The detailed seasonal adjustment comments will be forwarded to the Steering Group directly. • Some general comments: • General guidelines are best (due to country differences) • Need to ensure that the quality of the raw data is not forgotten • Address future seasonal issues (e.g. climate change) • A need to include non-EU countries • Some discussion of resource issues and constraints

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