What is the meaning of the phrase "seasonal adjustment?"
A) a spike in value of a variable every season
B) a constant subtracted from a numeric value
C) a correction to a value to remove seasonal patterns
D) an adjustment to correct a wrong value of a variable

Question

Quizplus · Accepted Answer

Seasonal adjustment refers to the statistical process of removing the effects of seasonal events or patterns from data to reveal underlying trends. This is done to make the data more comparable across different time periods by eliminating variations that occur at the same time and in the same direction on a regular basis (e.g., increased retail sales during the holiday season).

What Is the Meaning of the Phrase "Seasonal Adjustment