What is it about?
The paper outlines the steps taken and the methods used by the Central Statistics Office, Ireland in seasonally adjusting official statistics during the COVID-19 crisis.
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Why is it important?
Seasonal adjustment is proving to be very challenging during the COVID-19 crisis. Poor seasonal adjustment practices may result in providing false signals on the state of the economy, as well as resulting in large future revisions.
Perspectives
It is important that statisticians provide users of official statistics high quality, reliable time series statistics in real-time . Seasonal adjustment plays a critical role in this process. The international seasonal adjustment community has provided statisticians with the methods, guidance, and free open-ware software to conduct seasonal adjustment to harmonized standards.
Patrick Foley
Read the Original
This page is a summary of: Seasonal adjustment of Irish official statistics during the COVID-19 crisis, Statistical Journal of the IAOS, March 2021, IOS Press,
DOI: 10.3233/sji-200778.
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